Basic exemption of rs.1000000.00

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This query is : Resolved

Sanjeev Agarwal (Querist)
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24 April 2017 I am a new assessee. I have deposited the service tax for first two quarters of the year 2016-17 and also filed return. I forgot to take basic initial exemption of Rs.1000000/-availabe to small assessee in first year. The time to revise return has also elapsed. How can I claim refund of extra service tax deposited by me? I am mutual fund agent and I do not collect service tax from any body. The commission I receive on sales of Mutual Funds from companies, I treat it as inclusive of Service Tax and deposit tax thereon. Please help me in getting refund of extra service tax deposited.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 April 2017 As you can't revise the return you will not be able to claim refund adjust in future payments.

Sanjeev Agarwal

Sanjeev Agarwal (Querist)
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24 April 2017 Can I adjust the same in future payments, How? I have claimed turnover of more than 1000000 in the half yearly return and now how can I claim lower return without revising the return?

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