Adjustment of R & D Cess

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..... Adjustment of R & D Cess
Query (Issue) Started By: - Pawan Kumar Dated:- 1-4-2015 Last Reply Date:- 3-4-2015 Service Tax
Got 1 Reply
Service Tax
Sir, I have imported tech. from aboard fo .....

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..... r ₹ 2.5 Cr, on which i have deposited RandD cess @ 5% i.e. ₹ 12,50000/-, Now i have to pay balance service tax amt ₹ 18,40,000/- ie.(12.36% -5%) as part of Service ta .....

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..... x. But problem is that, when i filling ST return, details as under, Gross Amt : 2,50,00,000 ST Amt @ 12% : 30,00,000 Less RandD Cess paid : 12,50,000 Net Service Tax payable : 17,50,000 E .....

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..... duc. Cess 2% : 35,000/-(auto calculated) SHE Cess 1% : 17,500/-(auto calculated) My queries, shall I pay ₹ 18,02,500/-(Rs 17,50,000 + 35000+17500) or ₹ 18,40,000/- If I pay S .....

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..... 77; 18,40,000/- then how can I adjust the amount in ST-3 Return. Please advice me. Reply By YAGAY AND SUN: The Reply: Dear Pawan, You may show it excess paid or advance paid and in the subsequent .....

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..... period you may adjust it. Regards, YAGAY and SUN (Management, Business and Indirect Tax Consultants)
Discussion Forum - Knowledge Sharing .....

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