Adjustment of service tax

252 views 1 replies

reetika

account asistant

24 Points Joined February 2016

I raised a bill in month of sep,15 & received its payment in oct,15 but inadvertently raised its bill again. amt. of service tax involved is rs. 14391/-(14%). now how can it be adjusted (time limit of adjustment)

Replies (1)

CA Prakash N

Head - Indirect Tax (GST & FTP)

373 Points Joined January 2012

As per Rule 6(4A) of Service Tax Rules 1994, you can adjust excess amount paid in succeding month or quarter Literal meaning if above rule, restrict you to adjust such excess payment after a month or quarter. But pls note, Govt can't hold a amount which does not belongs to it. Therefore, you can utilise it now.