Exces paid
This query is : Resolved
20 November 2014
Dear sir , we have paid service tax liability 2 times for the month of march - 2014 on 5th of Apr- 2014. the excess paid one challan identified on nov-2014. kindly inform the solution , can i reduce the excess paid tax from november-2014 liability. pls inform as early as possible.
21 November 2014
Refer Rule 6(4A) of Service TAx Rules -
Notwithstanding anything contained in sub-rule (4), where an assessee has paid to the credit of Central Government any amount in excess of the amount required to be paid towards service tax liability for a month or quarter, as the case may be, the assessee may adjust such excess amount paid by him against his service tax liability for the succeeding month or quarter, as the case may be.
In my opinion without any restriction excess ST paid can be utilised towards the liability of following months.
Notwithstanding anything contained in sub-rule (4), where an assessee has paid to the credit of Central Government any amount in excess of the amount required to be paid towards service tax liability for a month or quarter, as the case may be, the assessee may adjust such excess amount paid by him against his service tax liability for the succeeding month or quarter, as the case may be.
In my opinion without any restriction excess ST paid can be utilised towards the liability of following months.
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