Overpayment of service tax.
This query is : Resolved
06 January 2015
For consulting service provided to the government in July 2014, we paid service tax on invoice amount as per work order in August 2014. The government made payments in October 2014 but decided to change payment terms and paid lesser amount. How do we deal with overpaid service tax? We do not expect more consulting in this financial year.
06 January 2015
You can take the credit of excess service tax paid and adjust it in your future liability.
u can carry forward it without any specific time limit untill it is adjusted fully..
u can carry forward it without any specific time limit untill it is adjusted fully..
10 January 2015
Will be thankful if you could indicate the process for taking such credit
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