banner_ad

Excess st adjustment

Service Tax (Legacy) 637 views 1 replies

Hi All, '

Please advice on below mention queries:

We are a pvt ltd manufacturing co. & we have registered on as service Reciever under revrse charge method.

By mistake we have paid excess service tax i.e. 12% instead of 4% under RENT A CAB SERVICE from July-12 onward under the impression that ST has to be paid on 100% value & liabilty of service tax if the service provider is individiual n has no serv ice tax registration.

1) Can we adjust the excess service tax for future liabilty of the same service? OR

2) Can we adjust the excess service tax for future laibilty for other service also?

if yes then how to adjust this. is there any provision or notification etc.

 

Thanks in advance

Replies (1)

See rule 6 sub rule (4A) of Service Tax Rules 2004, you will find solution.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

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

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details