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adjustmen of excess royalty payment under reverse charge, Service Tax

Issue Id: - 108394
Dated: 9-4-2015
By:- anish mital

adjustmen of excess royalty payment under reverse charge


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I am paying royalty to a foreign based company, on which I have discharged service tax under reverse charge basis, which is in excess of actual liability.Please tell me the detail procedure for adjustment.

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Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 16-12-2015
By:- MARIAPPAN GOVINDARAJAN

The same may be adjusted in the subsequent payment. You have to inform about the details of the adjustments of excess to the Range Superintendent.


2 Dated: 16-12-2015
By:- Ganeshan Kalyani

As per Rule 6 (3) of Service Tax Rules 1994 the excess payment of service tax can be adjusted in the liability of subsequent month.


Page: 1

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