MY COMPANY HAS DEPOSITED EXCESS SERVICE TAX FOR THE MONTH JUN 2012, THEY HAVE A LIABILITY TO DEDUCT SERVICE TAX UNDER THE REVERSE CHARGE SCHEME WEF 01.07.2012. CAN THE EXCESS SERVICE TAX DEPOSITED BE ADJUSTED AGAINST SERRVICE TAX LIABILITY UNDER THE REVERSE CHARGE SCHEME?
YOUR REPLIES WILL BE OF GREAT HELP.
Yes it can be. You need to claim the same in your return for service tax.
Shyam S Gupta and Company
New Delhi
CA Inter
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Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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Varma Raja & Associates
Thrissur
CA Inter
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CCI
Pro
CAclubindia
