refund of service tax

This query is : Resolved

Rajkumar (Querist)
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04 August 2007 can one calim refund of service tax excess paid in cash in next year or can it can be adjusted in payment of excice duty.

CA Prasanna Krishnan V

CA Prasanna Krishnan V (Expert)
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05 August 2007 Dear Sir

Excess paid service tax can easily be adjusted against service tax liabiliy in the succeeding period provided the details thereof intimated to ST authorities at the time of filing relevant ST 3 return.

If not, you can show the excess paid CENVAT details in your monthly excise return and adjust subsequently.

Refund of service tax could be the last option in practice, since filing Form R and necessary representation to ST authorities is time taking process (2 to 4 months time genereally)