Set off

This query is : Resolved 

08 September 2013 we have a pvt ltd co. and we have paid interest on service tax. can we take set off for interest and penalty which we have paid under amenesty scheme?

08 September 2013 Set off is available against the payment of service tax, not against interest or penalty


disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case

09 September 2013 IN MY OPINION, PENALTY AND INTEREST CANNOT BE ADJUSTED/SET OFF AGAINST YOUR OUTPUT TAX.




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