We have paid excess Service Tax in July, August and September 2011.Where we can show the excess paid amount in Service tax half yearly returns? Also can we adjust the excess paid amounts in next months payable amount? If yes any formalities is there? Kindly let me know.
24 December 2011
You have paid service tax in excess during July, August, September which can be adjusted against the liability for the upcoming months. There is no time limits for adjusting the excess amount of service tax paid. when you will be filing your service tax return for the half year Oct2011 to March 2012, just fill the amount of excess paid against the service tax liability during the month in service tax paid section part (iii) of ST-3.
Service tax paid (i)Cash (ii)By CENVAT Credit (iii)By adjustment of excess amount paid earlier and adjusted in this period under rule 6(3) of Service Tax Rules, 1994.
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