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Service Tax on Foreign Remittance

This query is : Resolved 
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(Querist)
05 January 2009 Dear All,

My Company(Ltd) has paid Service Tax on Foreign Remittance for the year 2007-08 up to Rs. 35 Lakhs. As per the law, we are claming Set on the amount paid against service provider at home.

Again we had incurred foreign services in the current year and our Service Tax liability amount to Rs. 11.50 lakhs. My questions is can we adjust these amount against the excess tax paid earlier or we have to pay these tax and latter claim set off.

Kindl solve my query at the earliet.
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Rajesh Kumar

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Rajesh Kumar (Expert)
06 January 2009 The question is not clear. If you so desire, you can sent me the detailed query on custom.excise@gmail.com, i will answer.
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