Excess deposit service tax adjusted next year

This query is : Resolved 

20 July 2012 DEAR EXPERTS,

WE HAVE PAID EXCESS SERVICE TAX APPOX 500000/- AND ADJUSTED IN NEXT YEAR. IS IT RIGHT OR WRONG. IF WRONG WHAT WILL ITS CONSEQUENCES. PL. ADVICE AND TELL ANY NOTIFICATION.

THANKS

24 July 2012 You are right. No penalty


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