PARMITA MAZUMDER (CA- Practice) (386 Points)
04 January 2013MY 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.
Shridhar Shah
(Chartered Accountant in Practice)
(172 Points)
Replied 04 January 2013
Yes it can be. You need to claim the same in your return for service tax.
CAclubindia
