banner_ad

Excess st adjustment

Queries 619 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
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details