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Service Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Adjustment of the excess paid towards the tax liability of ...


Excess Tax Payments Can Be Carried Forward to Offset Future Liabilities Until Fully Adjusted.

August 12, 2019

Case Laws     Service Tax     AT

Adjustment of the excess paid towards the tax liability of subsequent months - where such excess tax paid is more than the tax liability of the succeeding month/quarter, the only and most natural consequence is that the balance remaining would have to be invariably carried forward, to be adjusted in the subsequent succeeding month/s.

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