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Service tax credit

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Hi,

Abc a partnership firm is a works contractor. It issues bills Rs 100000 to Xyz a builder with service tax @ 4.94% Rs 4940/- total rs 104940/-

Abc is charging service tax from customers for flats @ 3.09% on Rs 100000, It receives Rs 3090- Total Rs 103090/-

Now while filing service tax return,Xyz wants to adjust Rs 3090 (Service tax payable)with Rs 4940/-(Service tax credit) and want to carry forward Rs 1850/-

But the system does not accept the same and does not show c/f of service tax to next period

Pl help!

Replies (1)

Harendra Kumar

Tax Advisor

1502 Points Posted on 07 December 2013

Sir,

In my view you are adjusted you Cenvat Balance and also utilised the same, there are no question in this regard, but you are facing the problems at the time of filing the Service-Tax Return.

In this regard plz carefully file the said return and also checked the part of Cenvat credit and utilization part.

If you face the said problems pointwise queries mention.