We have a quarterly liability of Service Tax payment but in 1st Qtr we have cenvat credit more than Service Tax payable and in 2nd Qtr ST is more than Cenvat.
Here we paid service tax in 2nd QTR not considering excess cenvat of first QTR.
Can we claim the refund of excess payment or carried forward the same to next return period. ????
13 April 2015
Now there is a restriction introduced under the CCR that credit of the duty paid in inputs or input services should be availed with 6 months from the date of relevant document specified in Rule 9(1) of the CCR.
If you have availed the cenvat credit in first quarter it can be carry forward and utilized in next return period.