Service tax payment, Service Tax

[Rudrayani Shedjale]

Hello

We need to pay service tax from Oct-16 to Feb-17. There is a set off in the month of Feb-17. So is it correct to adjust the set off against our liability since Oct-16 & pay single challan of entire amount?

Please advise.

Thank you.

Posts / Replies

[Ramaswamy S]

The tax is payable for the month and therefore the tax liability for Oct to Jan cannot be set off against the credit available in Feb.The credit available can be utilised for the payment of service tax of Feb and if balance available can be carried forward..

You can pay the entire amount in single challan. However, interest is payable.

Regards

S.Ramaswamy

[KASTURI SETHI]

I support the views of Sh.S.Ramaswamy Sir.

[YAGAY AND SUN]

Futuristic credits can not be utilised for payment of duty/service tax of the current period.

[Ganeshan Kalyani]

The nexus of the input is absent with the output tax. Thus credit is not eligible. Thanks.

[Rudrayani Shedjale]

okay. thanks a lot sir.

[MARIAPPAN GOVINDARAJAN]

I endorse the views of the experts.

[Rudrayani Shedjale]

if in a single month there is no service tax & krushi kalyan cess payable. only swach bharat cess is payable, shall we pay challan containing swach bharat cess details?

service tax & K.K.cess set off can be adjusted in next month liability?

please advise

[Ganeshan Kalyani]

Yes you can pay Swachh Bharat cess alone in one challan.

[Rudrayani Shedjale]

done the same thing.

thank a lot for the information.