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Adjustment of excess service tax paid

Queries 923 views 5 replies

Can  excess payment of service tax for the april month liability can be adjusted toward June month service tax liability

 

 

Replies (5)
Yeah it can be adjusted

any intimation need to be send to Service  tax department.please quote the section alos. 

The requirement for intimation has been removed. But you show it in the ST 3 return at the relevant columns.

DEAR chita 

please qoute relevant section

 

Hello Rahul,

 

As per Rule 6(4A) of Service Tax Rules, 1994, where an assessee has paid to the credit of Central Govt. any amount in excess of the amount required to be paid towards service tax liability for a month or a quarter as the case may be, the assesse may adjust such excess amount paid by him against his service tax liability for the succeeding month or quarter as the case may be.

 

Also as per Rule 6(4B) of Service Tax Rules, 1994, the adujstment of excess amount under rule 6(4A), shall be subject to the condition that the excess amount paid is on account of reason not involving interpretation of law, taxability, valuation or applicability of any exemption notification.

 

So w.r.t. Rule 6(4A) and subject to Rule 6(4B), you can adjust the excess amoun of service tax paid


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