Excess payment of service tax
This query is : Resolved
CMA. CS. Sanjay Gupta
(Querist)
06 March 2014
Dear Experts
I have a query related to service Tax. My company raises invoice and pays the service Tax but later in maximum cases it receives an amount lesser than the invoice amount and service tax thereon. So we are ending up making excess payment of Service Tax based on our invoice value whereas our actual receipt is less. So can we claim the refund for excess payment of Service Tax. If yes, what is the procedure to claim the refund.
Thanks
Sanjay Gupta
I have a query related to service Tax. My company raises invoice and pays the service Tax but later in maximum cases it receives an amount lesser than the invoice amount and service tax thereon. So we are ending up making excess payment of Service Tax based on our invoice value whereas our actual receipt is less. So can we claim the refund for excess payment of Service Tax. If yes, what is the procedure to claim the refund.
Thanks
Sanjay Gupta
Nikhil Kaushik
(Expert)
07 March 2014
there are two options: of self-adjustment and of refund.
please refer https://www.arxadvisors.com/userfiles/self_adjustment%283%29.pdf
and
https://www.charteredclub.com/service-tax-refund/
please refer https://www.arxadvisors.com/userfiles/self_adjustment%283%29.pdf
and
https://www.charteredclub.com/service-tax-refund/
Message likes :
1 times
07 March 2014
Seems refund has to be sought for in the cited issue.
Message likes :
1 times
CMA. CS. Sanjay Gupta
(Querist)
07 March 2014
Warrier Sir what is the procedure for lodging refund claim. Kindly elaborate.
08 March 2014
Gupta Ji
Please follow the following procedure to be done online.
www.aces.gov.in > Ref > Refund request > create
A form appears on the next window.
Fill up > submit
Refund request number will be generated and displayed in next window.
Take print out of the 'form' and the 'refund request number communication' sign seal and attach documentary evidence in support of the refund claim and file before the Jurisdictional Superintendent.
Please follow the following procedure to be done online.
www.aces.gov.in > Ref > Refund request > create
A form appears on the next window.
Fill up > submit
Refund request number will be generated and displayed in next window.
Take print out of the 'form' and the 'refund request number communication' sign seal and attach documentary evidence in support of the refund claim and file before the Jurisdictional Superintendent.
Message likes :
1 times
CMA. CS. Sanjay Gupta
(Querist)
08 March 2014
Thank you Warrier Sir.
Nikhil Ji according to you which option (Refund or Adjustment) should be chosen? And can we simply adjust the excess payment with our monthly Service Tax liability? Is any specific disclosure required while filing return in ST-3?
Nikhil Ji according to you which option (Refund or Adjustment) should be chosen? And can we simply adjust the excess payment with our monthly Service Tax liability? Is any specific disclosure required while filing return in ST-3?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- RCM and same line
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- TDS Return Statement Status
- Closer of business and itc of capital goods
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
