can anyone please clear this cocept

Others 782 views 1 replies

   If the assessee has paid excess service tax should that excess be refunded or can the

assessee adjust the excess against future liabilities.  If the assessee has paid excess amount as service tax than what is required to pay then such excess can be adjusted only if the excess is due to return of the service provided.

For Example: A has provided service to B.  A received Rs.40000 plus service tax from B.  The service tax so received by A is paid by him into the Government Account within the due date.  B returns a part of the service to A.  For the service returned in part A returns the money amounting to Rs.10000 plus service tax to B.  In this situation A will be entered into adjust the service tax on Rs.10000, which he returned to B as he already paid service tax on Rs.40000.

If there is a clerical mistake in calculation of service tax due to which excess payment is made or if the assessee makes an excess payment voluntarily he can adjust such excess in the next month or quarter as the case may be.  However he has to inform the Jurisdictional Superintendent in writing within 15 days from the date of such adjustment. please juz clear

Replies (1)

assesse can adjust excess service tax paid in government account against future tax at pro rata basis provided asssesse had return the service tax ammount to person whom he has recieved the amount for taxable serive . in all other cases he has to apply for refund of service tax by filling form R ie where amount of excess service tax paid is not adjusted against future tax liability .


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details