EXTRA PAYMENT.
This query is : Resolved
10 October 2009
Dear Experts,
We are a Battery Manufacturing Co and register with Central excise and Service Tax. Regularly we are paying Service Tax towards GTA. But last month by mistake we have paid some extra amount.
Now can we adjust the extra amount in next month while make payment to the dept.
Kindly confirm me.
Thanks and regards,
R.Dutta
We are a Battery Manufacturing Co and register with Central excise and Service Tax. Regularly we are paying Service Tax towards GTA. But last month by mistake we have paid some extra amount.
Now can we adjust the extra amount in next month while make payment to the dept.
Kindly confirm me.
Thanks and regards,
R.Dutta
Shyam Lal Naik
(Expert)
10 October 2009
Yes. You are permitted to adjust the excess amount in the next month/quarter as per Rule 4A of the Service Tax Rules, 1994.
You are required to intimate the details of adjustment to the superintendent within 15 days of such adjustment.
Such adjustment is limited to Rs. 1,00,000 only.
You are required to intimate the details of adjustment to the superintendent within 15 days of such adjustment.
Such adjustment is limited to Rs. 1,00,000 only.
Ratan Sharma
(Expert)
10 October 2009
Yes it can be adjusted.
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