26 April 2016
HELLO. MY CLIENT BUSINESS IS ERECTION,COMMISSIONING & INSTALLATION SERVICES. MY QUESTION IS THAT I HAVE PAID JANUARY TO MARCH-2016 CHALLAN OF RS. 96028/-. MY CLIENT HAS CANCELLED ONE BILL OF SERVICE TAX AND ACTUALLY PAYBLE SERVICE TAX IS 71674/-, SO DIFFERENCE AMOUNT 24354/- EXCESS PAID IN SERVICE TAX. SO I DON'T KNOW THAT HOW TO CREDITED THIS AMOUNT IN OCT. TO MARCH-2016 ST3. AND WHAT I DO IN NEXT APRIL TO JUNE -2016 PAYMENT OF SERVICE TAX. THANKS
27 April 2016
The excess tax paid of Rs.24,354/- should be reported as advance payment in Part C of the ST - 3 Return for the period October 2015 to March 2016.
This amount can be short paid in the period April to June 2016. In the Return for April to September 2016, this advance amount should be shown as adjusted under Rule 6(1) in Part D of the ST - 3 Return. Proper disclosures should also be made in Part H.1. & part H.2. in the challan services and source document of the ST - 3 Return of the period April to September 2016.
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