EXCESS SERVICE TAX PAID IN MARCH

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..... EXCESS SERVICE TAX PAID IN MARCH
Query (Issue) Started By: - SUMEDH AYARE Dated:- 30-3-2013 Last Reply Date:- 4-4-2013 Service Tax
Got 7 Replies
Service Tax
IF EXCESS SERVICE TAX IS PAID ON 31.03.2013. CAN I ADJUST THE EXCESS AMOUNT TOWARDS THE LIABILITY OF APRIL 2013 OR HOW TO CLAIM THE REFUND. Reply By Pradeep Khatri: The Reply: You can adjust it in the month of April and intimate .....

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..... to the concerned authority. Reply By ANAND SHEMBEKAR: The Reply: Yes you can adjust the excess payment of March 2013 in the month of April 2013 , you have to intimate the excess to superintendent of service tax and obtain acknowledgement. Thanks ANAND M SHEMBEKAR CELL 9421187122 Reply By RAM SHARMA: The Reply: Dear Experts, If we have paid excess amount by mistake then in which rule we ca .....

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..... n adjust this amount. Pl clerify. Thanks Reply By Pradeep Khatri: The Reply: Kindly Refer Rule 6(3) of the ST rules,. Self Adjustment of Excess Tax paid: The monetary ceiling of self-adjustment of service tax has been removed. Now, an assessee can self-adjust excess service tax paid up to any amount. Now, the assessee is no longer required to intimate the details and reasons for such adjustm .....

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..... ent of excess service tax paid to the jurisdictional superintendent of Central Excise. The assessee is required to comply with one condition i.e. excess amount paid is not due to any of the following four reasons- (i) interpretation of law, (ii) taxability, (iii) valuation , or (iv) applicability of any exemption notification Reply By RAM SHARMA: The Reply: Dear Experts, Is this rule will .....

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..... be applicable for Service Receiver also. Kindly confirm. Thanks Reply By ranganath shenoy: The Reply: Dear Sirs, One more question.Is it necessary that it should be adjusted in the very next month .Do we have the option to adjust the excess in some other month Reply By Pradeep Khatri: The Reply: Yes, service recipient can adjust it but only under reverse/partial reverse charge mechanism. Su .....

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..... ch adjustment can be done within 90 days of excess payment of service tax.
Discussion Forum - Knowledge Sharing .....

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