Interest on service tax

ish kumar sharma (Sr. Manager Accounts & Finance) (301 Points)

15 December 2015

Can interest be adjusted with access service tax paid in a particular year

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7 Replies

Madhukar N Hiregange (Chartered Accountant) (39034 Points)
Replied 15 December 2015

Maybe possible if excess paid in cash. Procedurally in returns am not sure how to do.

CA Prakhar Jain (Partner at Jain M Prasad & Co) (710 Points)
Replied 15 December 2015

They are paid under different accounting codes, so may be difficult to adjust

Niraj Kumar Sinha (Sr. Officer, SPSIL) (648 Points)
Replied 15 December 2015

No, it can not be adjusted.

Vineet Tiwari (Finance Professional) (24 Points)
Replied 15 December 2015

No it can't be adjusted.

Vineet Tiwari (Finance Professional) (24 Points)
Replied 15 December 2015

No it can't be adjusted.

Vineet Tiwari (Finance Professional) (24 Points)
Replied 15 December 2015

No it can't be adjusted.

Navneet Rajput (ca) (22 Points)
Replied 17 December 2015

no interest cant b adjust ..u hav to pay in different accounting code..

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