Excess payment of service tax
This query is : Resolved
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
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/
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07 March 2014
Seems refund has to be sought for in the cited issue.
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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
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?
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