Service tax-ec paid in excess by mistake.how to show in st3?

Forms 1297 views 3 replies

Anshul Mandowara

CA final

48 Points Joined November 2009

Dear Sir,

I have a querry in filing ST3. The querry is, that I have made excess payment of EC of Rs. 8000 on 03/04/2014 (Late payment) at 2% of Gross Value of services, instead of 2% of the Service Tax amount (i.e. 0.24% of Gross Value).

Now how do I show it in ST3 -

Option1 -

Part C (Advance payment)

If yes then, which quarter this belong to (i.e. it has been made in 1st quarter of 2014-15 and not last quarter of 2013-14)?

What will be corresponding entry in H1 or H2? as H2 does not allow to select any payment that pertains to part C.

Option 2-

Showing it in G11 as any other payment and mentioning the exact issue. Corresponding entry in H1 and H2.

Please reply ASAP. I am in a big trouble as deadline is coming.

Replies (3)

Harendra Kumar

Tax Advisor

1326 Points Joined July 2011

Sir,

In this regard chose the optional eighter and also furnished the a clearification in the excess payment and adjusted the same amount for further payment of service tax. You are having other observation in this reagrd plz forward the same.

Manoj Agarwal

Service Tax Consultant Rourkela Service

3456 Points Joined March 2012

If you want to treat this excess payment as Advance payment, you should have intimated this to the jurisditional superintendent within 15 days of date of payment and accordingly reflect in return.

Otherwise, you may adjust the excess payment against the tax payable in the next month/quarter under Rule 6(4A) of STR, 1994