Service tax

devang (CA FINAL article ) (181 Points)

19 February 2014  

Sir I have Query

I have Service Tax Liability under RCM Nov'13 Rs. 150000 and paid same as on 1st dec 2013

normal service provide liability is Rs. 200000 for the month Nov'13.

i paid service tax 4th dec 2013 after adjusting RCM Payment for the month nov'13 150000 and net payment 50000.

Can i adjust RCM Credit against Normal Service Tax laibility? 

Is it correct or not. please explain the same.