Utilisation of service tax paid in excess
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2012
a invoice is raised on 15 th june & service tax paid accordingly before 5th feb. Subsequently bill gets revised on 20th ocober, amount of bill got reduced. my question is that as service tax paid in excess biiling can be adjusted for future ? if yes if there is any time limit for the same ?
23 November 2012
5th feb or 5th july???
you can adjust under rule 6(3) of Service tax rules, 1994. No time limit.
But you need to refund the excess amount to service recipient and you have to issue credit note also.
you can adjust under rule 6(3) of Service tax rules, 1994. No time limit.
But you need to refund the excess amount to service recipient and you have to issue credit note also.
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