banner_ad

Service tax paid in excess

Queries 578 views 3 replies

Hi All,

The excess amount of ST paid on 31st march can be adgested in NEXT month/Quarter payment.

My Problem is, If after adgestment in next month/qtr still some amount of ST is balance then whether it can be adgested again in next month/qtr..??  

plz reply urgently.. its 24.04.2014 & last date is 25.04.2014  

thanks in advance

Replies (3)

Dear 

Excess paid ST can be adjusted and carried forward only in cases like :

1) Excess Payment since exact amount to be paid could not be caculated

2) When tax is to be paid by 31st March and caculation of exact amount is practically not possible, and 

3) Calculation mistakes.

So you can make self adjistment by referring your case to above mentioned points.

 

Again, adjustment can be made in the suceeding month or quarter Their is no limit.

But i can't understand why you have paid so excess that after meeting liability of next month it will be remain unutilised. ?.

Thanks,

 

 

Sir,

Yes, By mistake we have deposited such a amount in multiple of actully to be paid.

So, please let me know whether it can be utilized in 2nd succeding quarter if some amount remain un utilized after adjusting in next quarter.

means In short, The Excess amount paid on 31.03.2014 for 4th Quarter of FY13-14 can be utilized in 1st quarter and then again in 2nd quarter of FY 14-15

 

Please reply sir.

 

Thanks in advance

Yes there is no limit you can carry for any subsequent month


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details