14 October 2016
Can anyone tell me if we are paid SBC amount excess in advance shall we take excess amount credit for next month. for example sbc payable - rs.100 (for Aug) & paid rs.120/- - excess amount rs.20/- sbc payable - rs. 120 (for sept) & paid rs.100/- - excess credit brought frd from august rs.20/-
14 October 2016
Dear nazneen,
generally sbc cannot be adjusted from any credit but yes u can adjust it from advance payment of sbc tax.
Hope your query is resolved
Kindly like if my response has helped you
14 October 2016
Thank you sir, please tell me which section it is applicable DA2 By adjustment of amount paid as SBC in advance under Rule 6(1A) of the ST Rules DA3 By adjustment of excess amount paid earlier as SBC and adjusted, by taking credit of such excess SBC paid, in this period under Rule 6(3) of the ST Rules DA4 By adjustment of excess amount paid earlier as SBC and adjusted in this period under Rule 6(4A) of the ST Rules
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