Service Tax Excess Payment, Service Tax

[UMESH KUMAR]

Dear Sir,

We have made a excess payment in Previous F.Y. Year March Quarter, 2016. Can i revised our return and adjust current quarter Service tax liabilities. Please advice how can i revised our return and adjusted or carried forward for Mach,2016 Quarter to June, 2016 quarter. What is the procedure.

Thanks in Advance.

Posts / Replies

[Ganeshan Kalyani]

Sir, you would have shown the details of excess payment in the month of March 2016 while filing service tax return for second half yearly return for FY 2015-16, then by referring the challan number of excess payment you can adjust the liability of current period. And if you have not shown the excess payment of service tax in the month of March 2016 then you can still revise your return within 90 days from the date of filing of original return. This is my view. Thanks.

[KASTURI SETHI]

Sh.Umesh Kumar ji,

I fully endorse the views of Sh.Ganeshan Kalyani, Sir. A period of 90 days for filing revised ST-3 return from the date of filing original return is provided in Rule 7 B of Service Tax Rules, 1994. [Notification No. 4/2008-S.T., dated 1-3-2008]

[Ganeshan Kalyani]

Sir, I agree with the views submitted by Sri Kasturi Sir. Thanks.