29 October 2016
'X" pvt ltd paid Service tax Rs.30,000/- , Rs. 200,000 /- and 150,000 /- Against Service tax payable Rs 10,000 /- , Rs. 80,000 /- and Rs. 70,000/- for the month of April 2015, Sept 2015 and Oct 2015, respectively and mentioned all details of challan paid in the ST-3 Return. Company was not Adjusted the Extra amount while making payment of outstanding balance payable as per the books at the end of FY 2015-16 ie. in March 2016 and Write off the Extra amount amount paid Rs 2,20,000 /- . in the Books of the company because of the company have not intimated to Service tax department for extra amount paid. My doubt is that company can take credit or Adjust the Extra amount paid in the FY 2016-17 which was paid in FY 2015-16. IF Yes please the procedure for the same.
CAclubindia
