Excess Payment

This query is : Resolved

silvi ubal gomes (Querist)
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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.

CA.Hanumantha Reddy

CA.Hanumantha Reddy (Expert)
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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.