Adjustment of excess service tax paid
This query is : Resolved
31 March 2016
Hello,
Can anyone tell me that i have paid service in excess in previous year. Now i want to adjust the same in the current year. Can i do the same or i have to file an application for refund? Can i do the same if i have paid excess service tax in the same year in which i want to adjust the same.
Can anyone tell me that i have paid service in excess in previous year. Now i want to adjust the same in the current year. Can i do the same or i have to file an application for refund? Can i do the same if i have paid excess service tax in the same year in which i want to adjust the same.
CA R SEETHARAMAN
(Expert)
01 April 2016
Excess payment of service tax of either last year or current year can be adjusted. File the returns accordingly.
01 April 2016
But when i adjusted the excess service tax paid against my current service tax, department had rejected my return and send me assesse in default notice. When i filed the revised return adjusting the same, it was accepted
CA R SEETHARAMAN
(Expert)
01 April 2016
The excess payment is reflected in the return it can be adjusted. See notification No. 3/2012 ST.
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