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Excess Payment of Service Tax

Service Tax - Started By: - RAJENDRA KHOMNE - Dated:- 13-4-2016 Last Replied Date:- 17-4-2016 - Sir,Good Morning, For year end, Service Tax Due date is 31st March. But some party's bill not come before 31st March, hence we paid service tax approximately. After all bills booking we find that we have paid service tax excess in some services & short in some services. My query is can we adjust excess service tax for short payment. (For Example. for Advocate Service we have paid ₹ 2800/ .....

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or quarter, as the case may be, the assessee may adjust such excess amount paid by him against his service tax liability for the succeeding month or quarter, as the case may be. Therefore you can adjust tax paid in excess during a particular month against tax payable for subsequent month. Adjustment of tax paid in excess against tax short paid is not permissible under law. Where you have short paid the tax you have to pay the difference with interest. Tax paid in excess can be claimed as refund .....

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Very Very Intelligent cross question by you.Thought provoking. With the omission Section 65 and 65A, no legal force in old accounting codes. So there should be no problem in adjustment of amount of ST paid in excess. You are totally on right track. At the same time I am very eager to know the views of Sh.Rajagopalan Ranganathan Sir and Sh.Mukund Thakkar, Sir. No assessee should suffer for procedural lapses, especially, in view of the fact that rate of interest is different for delayed refund an .....

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