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Set-off of interest on service tax against service tax

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(Querist)
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???
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laxman ishwarrao mitba

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laxman ishwarrao mitba (Expert)
10 July 2012 No, there is no such provision in Service Tax to allow set off for interest paid on delayed Service Tax.
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
10 July 2012 No it cannot be adjusted. only cenvat and input services are eligible.
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fenil

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fenil (Querist)
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??

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