refund of service tax
This query is : Resolved
04 August 2007
can one calim refund of service tax excess paid in cash in next year or can it can be adjusted in payment of excice duty.
05 August 2007
Dear Sir
Excess paid service tax can easily be adjusted against service tax liabiliy in the succeeding period provided the details thereof intimated to ST authorities at the time of filing relevant ST 3 return.
If not, you can show the excess paid CENVAT details in your monthly excise return and adjust subsequently.
Refund of service tax could be the last option in practice, since filing Form R and necessary representation to ST authorities is time taking process (2 to 4 months time genereally)
Excess paid service tax can easily be adjusted against service tax liabiliy in the succeeding period provided the details thereof intimated to ST authorities at the time of filing relevant ST 3 return.
If not, you can show the excess paid CENVAT details in your monthly excise return and adjust subsequently.
Refund of service tax could be the last option in practice, since filing Form R and necessary representation to ST authorities is time taking process (2 to 4 months time genereally)
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
- Refund Annexure-B
- House Property Reporting in ITR
- TDS Claim year
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- 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
