can anybody tell me that how advance payment of service tax is shown in return?can excess payment of S.Tax is refundable when firm is to de closed???
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service tax
Replies (2)
Hi Mukesh,
In Service Tax Legislation, advance and excess payment has different meanings all together.
If you have paid in advance under rule 6 (1A) of Service Tax Rules, 1994 then show your details under point No. 4 monthwise and with challan details.
If you have paid excess under rule 6(4A) of Service Tax Rules, 1994 then show your payment under point 4A - I - (a) - (i) "in cash".
If you have closed you firm better go for refund of your excess amount paid as in future now you were not able to adjust it.
Warm Regards.
thankyou gautam
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