Set-off of interest on service tax against service tax
This query is : Resolved
09 July 2012
Dear Experts,
Can interest on service tax can be set-off against the service tax payment and vice-versa.
And If yes, what are its procedural requirements???
Can interest on service tax can be set-off against the service tax payment and vice-versa.
And If yes, what are its procedural requirements???
10 July 2012
No, there is no such provision in Service Tax to allow set off for interest paid on delayed Service Tax.
10 July 2012
No it cannot be adjusted. only cenvat and input services are eligible.
11 July 2012
Thank you for reply.
If client has paid Service tax (Basic, Cess & H.Cess)in one code than can he adjust it??
If client has paid Service tax (Basic, Cess & H.Cess)in one code than can he adjust it??
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