Access Payment
This query is : Resolved
13 April 2011
Dear Sir,
Is service tax access payment deposited adjustable in next period of tax deposit ??
Thanks
Krishna
Is service tax access payment deposited adjustable in next period of tax deposit ??
Thanks
Krishna
13 April 2011
[Rule 6(1A)of service tax
Without prejudice to the provisions contained in sub-rule (1), every person liable to pay service tax, may, on his own volition, pay an amount as service tax in advance, to the credit of the Central Government and adjust the amount so paid against the service tax which he is liable to pay for the subsequent period:
Provided that the assessee shall,-
(i) intimate the details of the amount of service tax paid in advance, to the jurisdictional Superintendent of Central Excise within a period of fifteen days from the date of such payment; and
(ii) indicate the details of the advance payment made, and its adjustment, if any in the subsequent return to be filed under section 70 of the Act;]18
Explanation: For the removal of doubt, it is hereby clarified that in case the value of the taxable service is received before providing the said service, service tax shall be paid on the value of service attributable to the relevant month, or quarter, as the case may be.
Without prejudice to the provisions contained in sub-rule (1), every person liable to pay service tax, may, on his own volition, pay an amount as service tax in advance, to the credit of the Central Government and adjust the amount so paid against the service tax which he is liable to pay for the subsequent period:
Provided that the assessee shall,-
(i) intimate the details of the amount of service tax paid in advance, to the jurisdictional Superintendent of Central Excise within a period of fifteen days from the date of such payment; and
(ii) indicate the details of the advance payment made, and its adjustment, if any in the subsequent return to be filed under section 70 of the Act;]18
Explanation: For the removal of doubt, it is hereby clarified that in case the value of the taxable service is received before providing the said service, service tax shall be paid on the value of service attributable to the relevant month, or quarter, as the case may be.
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13 April 2011
Sir my question is not that. I want to know if i had made a payment for service tax Rs 10000 in place of Rs 5000. could i adjust over amount in next payment of service tax ??
Rgds,
Krishna
Rgds,
Krishna
14 April 2011
in same return period you can adjust. if other service tax period then claim refund or inform to your rage officer within 15 days and adjust in next return period.
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