Set off
This query is : Resolved
ATUL BELEL
(Querist)
08 September 2013
we have a pvt ltd co. and we have paid interest on service tax. can we take set off for interest and penalty which we have paid under amenesty scheme?
CA Suresh Jain
(Expert)
08 September 2013
Set off is available against the payment of service tax, not against interest or penalty
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
RENGARAJ R.K
(Expert)
09 September 2013
IN MY OPINION, PENALTY AND INTEREST CANNOT BE ADJUSTED/SET OFF AGAINST YOUR OUTPUT TAX.
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