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Excess payment of service tax..

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This query is : Resolved

Yogesh Ingale (Querist)
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26 August 2013 One of our client made excess payment of tax for four months mistakenly. So at year end how should I deal with these transactions?? Whether I can take setoff of whole excess amount in next return?? Also, guide me about excess payment of interest on service tax.

CA Mehta Ankur N.

CA Mehta Ankur N. (Expert)
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26 August 2013 For service tax payment you can set off against service tax payable in next return.

But for interest i think nothing can be possible except claim it in income tax as expense.

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Yogesh Ingale

Yogesh Ingale (Querist)
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26 August 2013 Thnx a lot sir.But the issue is, suppose I paid Rs.1000/- excess in Oct,Rs.1000/- in Nov.At year end if I didnt utilized this credit,then in next return can i take set off of Rs.2000/-

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