Serv tax return

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

14 November 2013 For a company as a serv provider,in the m of sep13, serv tax bills raised by Co.is :
Amt raised Rs.45000
Add: serv tax 12% Rs. 5400
Add: Ed cess 2% Rs. 108
Add: H Ed cess 1% Rs. 54
-----------------------------------
TOTAL Rs.50562
===================================
Output serv tax above is Rs.5562

For the same period, serv tax bills received by Co.is :
Amt raised Rs.60000
Add: serv tax 12% Rs. 7200
Add: Ed cess 2% Rs. 144
Add: H Ed cess 1% Rs. 72
-----------------------------------
TOTAL Rs.67416 ===================================
Input serv tax above is Rs.7416

Query:
Since input tax credit is more that output tax, I have not made any payment. But how to show it in serv tax return as it is asking for challan sheet to be completed.
Pl guide.

CA.Shubhneet Kaur

CA.Shubhneet Kaur (Expert)
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14 November 2013 PLEASE refer this link : https://www.caclubindia.com/experts/input-service-tax-set-off-against-output-service-tax-881645.asp#.UoSo4HCBkpc

Querist : Anonymous

Querist : Anonymous (Querist)

14 November 2013 Sir,

In my case, input service bill raised by 3rd party to us is of "Advertising services". So, I can get full credit of this. By taking this credit, the balance is excess credit against the bills raised by us. Therefore, we have not made any payment through challan.
My query is that if input credit is more than output credit for a particular month, then how to show it in the serv tax return. Bec it is compulsorily asking for challan sheet to be prepared.

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