Service tax credit carry forward
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 April 2011
Dear Sir,
Iam a propreitor, I pay service tax quarterly.
For the quarter ending 31.03.2011 My service tax liablity was Rs.1,12,000/- I have paid Rs.1 lakh in cash. I have service tax credit of Rs.26000/- for the quarter.
Can I carry forward Rs.14000/- as excess credit.(112000-100000-26000). Can I show the same in ST3 return.
Should I intimate Service tax department for the above adjustment or credit carry forward.
Kindly help
Iam a propreitor, I pay service tax quarterly.
For the quarter ending 31.03.2011 My service tax liablity was Rs.1,12,000/- I have paid Rs.1 lakh in cash. I have service tax credit of Rs.26000/- for the quarter.
Can I carry forward Rs.14000/- as excess credit.(112000-100000-26000). Can I show the same in ST3 return.
Should I intimate Service tax department for the above adjustment or credit carry forward.
Kindly help
05 April 2011
yes, you can carry forward Rs. 14000/- as excess credit and same show in st-3
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