S.tax credit
This query is : Resolved
19 November 2015
dear sir ,we are in rent a cab business , one party said to calculate s.tax on 50% abatement and we made bill and paid s tax on 50% abatement but actually taxable amount is on 40% , so i want to know as we paid excess s.tax on 50%(actuall40%) can we take this excess s.tax credit while filing s.tax return ?
CA R SEETHARAMAN
(Expert)
20 November 2015
Yes this excess tax paid can be adjusted while filing s.tax return.
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