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More s. tax paid than actual

Service Tax (Legacy) 598 views 1 replies

 

Hi friends RASHMI again,

An Assessee has paid service tax Rs. 300000/- for 1st quarter for A.Y. 12-13 and file the return and it has accepted by the department also.

Later the assessee realized, he has paid more tax than the actual liability and now the three month period is over for revise return.

Can he file his 2nd/ 3rd quarter return using the same challan number with actual tax calculation?

My question is what are the provisions available for the assessee to rectify the above mistake?

Early reply is deeply appreciated

Regards

Rashmi

 

 

 

 

Replies (1)

 

In case the amount of Service tax has been paid in excess there are two options being available to the Assessee -:

1. Self Adjustement of Service tax against future tax liability .

2.  Service tax Refund only if Self adjustement is not possible.

Since the assessee has paid excess service tax in 1st Quarter for A.Y 2012-13, he can now adjust the same in next quarter and pay the service tax on Balance Amt.

The assessee shall reduce his actual service tax liability of Next quarter against the excess rather than using the same challan number as said by You.


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