Service Tax Refund on Excess deposit

[MITSUI PRIME ADVANCED]

Dear Sir,

Good Morning,

We have deposit excess from due liability how we can can cliam excess deposit service Tax.

Please provide your advice

 

Regards

Arjun Sachdeva

 

 

[PAWAN KUMAR]

As per my view, if the service tax paid in excess has been received to you from your customer and you have refunded to your customer by way of issuing credit note, you make take cenvat credit of service tax paid in excess. Another option is also available, set off the excess paid service tax towards your upcoming service tax liability.

AI Summary

Excess service tax payments: avail cenvat credit if refunded by credit note, or set off against future liabilities.
Where excess service tax was received from a customer and refunded by issuing a credit note, the taxpayer may avail cenvat credit of the excess; alternatively, if the excess remains on account and is not refunded to the customer, the taxpayer may set off the excess paid service tax against forthcoming service tax liability.