Excess payment of service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 April 2010 sir i need a help regarding service tax excess payment.

actualy our company paid service tax On GTA ( Frieght).

we paid service tax 64000/- extra in month of march-2010 can we adjust this amount next financial year Apl-2010
please advise me.

thanks & regards
dev

Ritesh Goyal

Ritesh Goyal (Expert)
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14 April 2010 Hi Dev,

Yes you can adjust excess paid amount of service tax. There is a provision in service tax rule, 1994 and you can adjust the same with limit of Rs. 1,00,000. Please keep in mind that after adjustment you need to give intimation to the range superintendant within 15 days.