04 December 2012
Hello There is a provision that intimation should be given to state authority for excess amount payment within 15 days from the date of adjustment.Is there amendment in provision from 1/4/12?Please mention the link also. Thanks in advance
W.e.f. 01.04.2012, rule 6(4B) has been amended vide notification no. 3/2012 dated 17.03.2012 to remove conditions mentioned in adjustment of excess payment of service tax, it can be adjusted without any monetary limit. Further no intimation is required to be filed with Superintendent. However, adjustment of excess payment made shall be reflected in service tax return of the assessee.