Set-off of interest on service tax against service tax

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fenil (Querist)
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09 July 2012 Dear Experts,
Can interest on service tax can be set-off against the service tax payment and vice-versa.
And If yes, what are its procedural requirements???

laxman ishwarrao mitba

laxman ishwarrao mitba (Expert)
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10 July 2012 No, there is no such provision in Service Tax to allow set off for interest paid on delayed Service Tax.

RENGARAJ R.K

RENGARAJ R.K (Expert)
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10 July 2012 No it cannot be adjusted. only cenvat and input services are eligible.

fenil

fenil (Querist)
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11 July 2012 Thank you for reply.
If client has paid Service tax (Basic, Cess & H.Cess)in one code than can he adjust it??

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