Excess Payment
This query is : Resolved
silvi ubal gomes
(Querist)
15 July 2009
Actually the client had not made the payment of service tax from 2007-08. While making payment there was a calculation error and because of which there was an excess payment made of Education cess and Higher education cess of around Rs. 30000/-. can it be adjusted in current year's tax liability and if so for how many years. Plz tell me the further steps to be taken.
CA.Hanumantha Reddy
(Expert)
15 July 2009
s per Rule 4A) and (4B) of Service Tax Rules, 1994 you can adjust the excess amount paid in the succeeding month/quarter. Further, the details and reasons for such adjustment shall be intimated to the Superintended of Central Excise (service tax) within a period of 15 days form the day of such adjustment.
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