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Query on service tax

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Querist : Anonymous

Querist : Anonymous (Querist)

26 March 2016 In second last quarter we had a sales on which rs 30000 was paid as service tax but in last quarter we had a sales return for the same so in last quarter while paying service tax can we set off?

Suresh Ramaswamy

Suresh Ramaswamy (Expert)

28 March 2016 You have to set-off the sales return with the sales invoiced in the third quarter itself, since the return for second half has not yet been filed. The resultant excess tax paid in the third quarter can be set off against the tax payable in the fourth quarter.

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Querist : Anonymous

Querist : Anonymous (Querist)

31 March 2016 thanks alot sir for reply

Suresh Ramaswamy

Suresh Ramaswamy (Expert)

08 April 2016 You are most welcome. Glaad to have been of help.

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