Excess paid service tax

Others 738 views 3 replies

As per notification 30/2012 manpower  taxable service is 25% of the value of total service provided but  we have deposited the tax on 100% of the value of total services provided by mistake. Then in that case can we adjust the service tax in the next quarter from the excess amount paid.

After the adjustment do we need to inform the suprintendent of service tax wihtin 15 days

 

Replies (3)

Yes it can be adjusted under Rule 6(3) 

yups.. can be adjusted..

How is the amount to be disclosed in the returns; firstly when excess payment is made and secondly when the same is adjusted.


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