Excess payment of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 April 2016
HELLO. MY CLIENT BUSINESS IS ERECTION,COMMISSIONING & INSTALLATION SERVICES. MY QUESTION IS THAT I HAVE PAID JANUARY TO MARCH-2016 CHALLAN OF RS. 96028/-. MY CLIENT HAS CANCELLED ONE BILL OF SERVICE TAX AND ACTUALLY PAYBLE SERVICE TAX IS 71674/-, SO DIFFERENCE AMOUNT 24354/- EXCESS PAID IN SERVICE TAX. SO I DON'T KNOW THAT HOW TO CREDITED THIS AMOUNT IN OCT. TO MARCH-2016 ST3. AND WHAT I DO IN NEXT APRIL TO JUNE -2016 PAYMENT OF SERVICE TAX.
THANKS
THANKS
Suresh Ramaswamy
(Expert)
27 April 2016
The excess tax paid of Rs.24,354/- should be reported as advance payment in Part C of the ST - 3 Return for the period October 2015 to March 2016.
This amount can be short paid in the period April to June 2016. In the Return for April to September 2016, this advance amount should be shown as adjusted under Rule 6(1) in Part D of the ST - 3 Return. Proper disclosures should also be made in Part H.1. & part H.2. in the challan services and source document of the ST - 3 Return of the period April to September 2016.
This amount can be short paid in the period April to June 2016. In the Return for April to September 2016, this advance amount should be shown as adjusted under Rule 6(1) in Part D of the ST - 3 Return. Proper disclosures should also be made in Part H.1. & part H.2. in the challan services and source document of the ST - 3 Return of the period April to September 2016.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
