Excess paymnet of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2013
company paid service tax on the basis of bill for march 2011 and flied the ST return.
Now the bill is cancelled by the party and refused to make payment as bill is canceled?
How to adjusted the amount of ST paid , can it be adjusted now by which provision or rules?
Please reply with supporting rules , provisions of the Act.
Thanks.
Now the bill is cancelled by the party and refused to make payment as bill is canceled?
How to adjusted the amount of ST paid , can it be adjusted now by which provision or rules?
Please reply with supporting rules , provisions of the Act.
Thanks.
Jayant Bothra
(Expert)
09 March 2013
Dear Sir,
Your case is dealt by Rule 6(3) of Service Tax Rules, 1994. As per the said rule the assessee may take the credit of such excess service tax paid by him, if the assessee:-
(a) refunded the payment or part thereof, so received for the service provided to the person from whom it was received; or
(b) has issued a credit note for the value of the service not so provided to the person to whom such an invoice has been issued.
Thanks & Regds
CA JAYANT BOTHRA
M: 9873-626-020
Your case is dealt by Rule 6(3) of Service Tax Rules, 1994. As per the said rule the assessee may take the credit of such excess service tax paid by him, if the assessee:-
(a) refunded the payment or part thereof, so received for the service provided to the person from whom it was received; or
(b) has issued a credit note for the value of the service not so provided to the person to whom such an invoice has been issued.
Thanks & Regds
CA JAYANT BOTHRA
M: 9873-626-020
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
- Nursery business
- Tax on Amount transferred in HUF Account
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- 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
- 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
