Excess collection of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 October 2012
dear all,
If an excess service tax is collected is there any time limit for repaying the amount to the client? if the time limit is exceeded will it attract any interest; if yes at what rate? If payment is made to government will interest be applicable?
Kindly clear my querry
Thanking in anticipation
If an excess service tax is collected is there any time limit for repaying the amount to the client? if the time limit is exceeded will it attract any interest; if yes at what rate? If payment is made to government will interest be applicable?
Kindly clear my querry
Thanking in anticipation
29 October 2012
Sir/Mam
Any service tax collected in excess has to be deposited with Government. Not complying with the same attracts Interest at the rate of 15%. So, pay the same before 5th of next month to avoid interest.
Any service tax collected in excess has to be deposited with Government. Not complying with the same attracts Interest at the rate of 15%. So, pay the same before 5th of next month to avoid interest.
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 October 2012
So are you saying that we are not suppossed to repay the excess amount to the client
29 October 2012
Law is silent on the above issue.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
