Adjustment of excess payment of service tax.

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Anil Kanojiya (Querist)
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09 January 2013 I had made excess payment of service tax in previous qtr's. Can i adjust the excess payment of service tax in upcoming quarters.
If answer is YES then tell me how i adjust the same.

Kaushik Vinod

Kaushik Vinod (Expert)
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10 January 2013 Dear Anil,

yes in terms of Rule 6(4A)of Service tax Rules,1994 you can adjust the excess amount of tax in subsequent month or quarter.
The Adjustment is subject to the following conditions as given in sub rule (4B) of the above rule.
Rule 6(4B) The adjustment of excess amount paid, under sub-rule (4A), shall be subject to the condition that the excess amount paid is on account of reasons not involving interpretation of law, taxability, Classification (deleted from 01-07-2012), valuation or applicability of any exemption notification.]]

Thanks