Excess input credit of service tax

I have excess input credit for period Oct 16 to March 17. How can I show this excess input in the service tax return.

Replies (3)

You can show such excess claim of Input credit of ST in Part I 3 in ST-3 return, need to fill the Point  I 3.1.2.1 and point I 3.1.3 correctly for availement & utilization of ST, then the Excess input will carried forward next months automatically.

Thanks for the help..just unable to find the solution. Your reply has helped alot.

For this there are 2 methods.

1) by adjusting the through Cenvat credit a/c.
In this method, for the month of Nov 2016, in ST paid sheet, show the full amount of ST paid in the month of Nov 2016 and in Cenvat credit sheet carried forward the Cenvat credit for the motnh of Nov 2016 after adjusting the cash payment made. the c/f balance can be adjusted in the month of Dec 2016 through Cenvat credit available as opening balance.

2) by showing the excess paid ST in the Advance paid ST sheet, with challan no. & other required details in Nov 2016. In this you can only show the ST excess paid in seperate challan only, but not in the original amount paid for liability of ST.
After such advance payment made in the march month, such paid challan details can be utilized in thd Dec 2016.

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