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Excess Depsoited of Service TAx

This query is : Resolved 

16 June 2008 Dear experts,

we have deposited excess Service tax in March-08. can we adjusted excess service tax amount in next F.Y 2008-09 is it possible.


Thanks & Regards
Ravinder Rawat

16 June 2008 Yes,

As per rule 6(4A) of service tax rules, you can adjust the excess service tax paid in any month with the service tax liability of any suceeding month but with a monetary limit of Rs. 1 Lac.

In case this excess is due to non receipt of information from branches in case of centralized registration, this monetary limit does not applies and you can adjust it without limit.

Regards,

Ajay Gumbar.



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