EXCESS AND SHORT DEPOSIT OF SERVICE TAX

Dear Sir,

We are air cargo agents and deal with airlines and airlines send their bill/CSR after 45 days.

 Suppose for month of October 2010; we will get the Airlines CSR( Cargo Sales Report ) on 30.11.2010 but for October 2010 service tax due date is 05th of Nov’2010. Then on 5th of November 2011 we deposit on provisional basis.

But the problem is when we get the CSR we find there is deviation in actual and provisional. Sometimes we get that we have deposited excess and sometimes we find that it is short deposit. At the end of 6 months at the time of filling the return we consider all excess and short deposit and after that the difference figure we use to deposit.

 You all are requested to kindly advice me what is the correct way and whether department will consider this excess and short amount adjustments 

Thanks and regards

Pankaj Kumar

9971666236

Replies (1)

 

I suggest you in your trade that always deposit service tax in advance it will give you benefit from penalty or interest after deposit advance service tax inform to central excise superintendent into 15 days.. and adjust this advance service tax at the timing of filing st return…

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 08 August 2026
Article Assistant

Sanath Sheshagiri & Co.

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 08 August 2026
CA Articleship

RSAG & CO LLP

New Delhi

CA Inter

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details