Excess Payment of service tax -denied by Dept
This query is : Resolved
04 December 2009
Hi,
one company had deposited the service tax on GTA Services for the period of April 09- sept 09 @ 3.09%(12.36-75% OF12.36%) as service receiver. But as per the amendment, From 25th Feb,2009 service tax rate is reduced to 10.30%. Hence the service tax to be paid on GTA services is 2.575% (10.30%-75%of 10.30%).
At the time of filing the return For the first half of 09-10, an intimation letter was given to department for set of excess payment of service tax i.e. (3.09%-2.575%) in the next half. But department denied to give the credit or set off of excess service tax paid. They replied that "Once you deposited the money @ 3.09% it cannot adjusted for 2.575%. And hence you cannot take the credit thereof"
one company had deposited the service tax on GTA Services for the period of April 09- sept 09 @ 3.09%(12.36-75% OF12.36%) as service receiver. But as per the amendment, From 25th Feb,2009 service tax rate is reduced to 10.30%. Hence the service tax to be paid on GTA services is 2.575% (10.30%-75%of 10.30%).
At the time of filing the return For the first half of 09-10, an intimation letter was given to department for set of excess payment of service tax i.e. (3.09%-2.575%) in the next half. But department denied to give the credit or set off of excess service tax paid. They replied that "Once you deposited the money @ 3.09% it cannot adjusted for 2.575%. And hence you cannot take the credit thereof"
04 December 2009
If you have paid service tax on any rate and take cenvat credit for the same then how can you adjust again. if you have not taken cenvat credit than you can take cenvat credit or refund for the same.
04 December 2009
You can set off the same against next months service tax liability and deposit the remaining amount(if any)payable by you.
Taking refund is a very time consuming and complex task.
Taking refund is a very time consuming and complex task.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- Rent lease agreement
- Merchant Export Accounting
- Lease agreement and tax on sale
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
