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Service tax credit carry forward

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 April 2011 Dear Sir,
Iam a propreitor, I pay service tax quarterly.

For the quarter ending 31.03.2011 My service tax liablity was Rs.1,12,000/- I have paid Rs.1 lakh in cash. I have service tax credit of Rs.26000/- for the quarter.

Can I carry forward Rs.14000/- as excess credit.(112000-100000-26000). Can I show the same in ST3 return.

Should I intimate Service tax department for the above adjustment or credit carry forward.

Kindly help
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CA Navin Jain

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CA Navin Jain (Expert)
05 April 2011 yes, you can carry forward Rs. 14000/- as excess credit and same show in st-3

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