12 August 2013
Sir, a proprietorship concern had paid excess service tax amounted to rs. 100000/- due to clerical mistake in dec 2012 quarter. However, service tax of march 2013 and june 2013 has been correctly deposited. Now, whether excess service tax can be adjusted against the payment of sept 2013 quarter. Further, service tax return of the concerned period is still to be submitted. Thanks
12 August 2013
In my opinion, the excess service tax can be adjusted in the next quarter. Since you have already paid correct taxes in next two quarters, still you can show the excess in the next quarter and adjust.
Either before adjusting or after adjusting please inform your service tax superintendent in writing about the excess adjustment in the current period.
12 August 2013
Sir, where the excess service tax has to be shown in the service tax return for the period of oct to march 2013. Whether it has to be shown as advance or excess has to be shown only at the time of adjustment. Thanks
CAclubindia
