I have raised some invoices in July-Sep-2011 and charged service tax, which is paid also to the authority. Now it is found that the same were wrong invoices and hence needs to be reversed. Now my question is, can I reduced the payment of current month service tax to the extent of serevice tax charged in above mentioned invoices?
yes you can audjust the excess amount of service tax paid by you to the department but not entire amount in a stretch, you can audujust only 50 % in First quarter and 50 % in next another quarter. if you are paying the service tax monthly then you can audjust 1/6th in every month for 6 month.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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