I would like to state that in one of my client, we have by mistake paid SBC excess instead of paying Service tax meaning thereby we have paid excess amount in the code of SBC, so can i adjust the excess paid SBC against payment of SBC in future or can i adjust this SBC against my liability of Service tax?
I know that CENVAT of SBC on input services cannot be availed but here it is not CENVAT but it is excess payment of SBC and therefore can we adjust this excess SBC against future SBC payable
05 November 2016
Rule 6(4A) of the Service Tax Rules allows an assessee to adjust excess tax paid against future liability. So you can adjust excess SBC against future SBC liability. You will also have to show the adjustment in the service tax return for the period in which you make the adjustment.
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