Excess paid service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 September 2013 Dear All,

the liability of service tax for the period ending march 13 was Rs. 181761/- but by mistake
I have deposited Rs. 232529/- ( the whole amount is deposited by a single challan)
so now I want to know that how can i carry forward the extra amount of Rs. 50768/-?
and if yes, where can I mark in the return for excess amount ?
I also want know is there any other formality to be done with the service tax dept.?

pl advise

thanks

Kamal Aggarwal

CA Suresh Jain

CA Suresh Jain (Expert)
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22 September 2013 While filing the return for second half of 12-13 there would be a difference between amount payable and paid/deposited. The same will be carried forwarded autometically

disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case

CA Pallav Singhania

CA Pallav Singhania (Expert)
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22 September 2013 There can be a scenario where the service provider commits any arithmetical error while calculating the tax and ends up paying excess amount then what is required to be paid. In the case, the assessee has two alternatives:

a)He may adjust the excess payment against his future tax liability (Self Adjustment) or
b)He may claim refund for the payment

But follow up with the department for getting refunds involves delays and the revenue authorities creates a lot of hurdles before allowing the refunds.
So Self – Adjustment is a preferred way for adjustment of excess tax paid.

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