15 July 2009
Actually the client had not made the payment of service tax from 2007-08. While making payment there was a calculation error and because of which there was an excess payment made of Education cess and Higher education cess of around Rs. 30000/-. can it be adjusted in current year's tax liability and if so for how many years. Plz tell me the further steps to be taken.
15 July 2009
s per Rule 4A) and (4B) of Service Tax Rules, 1994 you can adjust the excess amount paid in the succeeding month/quarter. Further, the details and reasons for such adjustment shall be intimated to the Superintended of Central Excise (service tax) within a period of 15 days form the day of such adjustment.
CAclubindia
