Interest on service tax

Soumya (Senior Accounts Executive) (235 Points)

09 September 2016

Dear All,

I paid excess payment of interest on servcie tax from April to September.

Can i adjust that excess payment in October to March.

Please reply.

Reply
Follow
Share

5 Replies

mohammad rasool baig (Management Consultant) (1026 Points)
Replied 09 September 2016

Yes. We can adjust.

Whether have filled the service tax return with the wrong interest amount?

Soumya (Senior Accounts Executive) (235 Points)
Replied 09 September 2016

Dear Sir,

I have filed the return of 1st half year but now i found that i have paid excess interest.

So i want to adjust in 2nd half year payment.

Please suggest what to do on this case.

mohammad rasool baig (Management Consultant) (1026 Points)
Replied 09 September 2016

We can adjust.

CA Rahul Mor (Chartered Accountant) (173 Points)
Replied 09 September 2016

yes you can adjust excess interest paid in next month.

Sunil Kumar (Indirect Taxation ) (1246 Points)
Replied 09 September 2016

Can you please explain which rule allow us for the same ?

Start a New Discussion