adjustmen of excess royalty payment under reverse charge

[anish mital]

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.

AI Summary

Adjusting Excess Service Tax on Royalty: Inform Range Superintendent & Follow Rule 6(3) for Next Month's Liability. A user inquired about adjusting excess service tax paid on royalty to a foreign company under the reverse charge mechanism. Two responses were provided. One advised that the excess payment could be adjusted in subsequent payments, with the requirement to inform the Range Superintendent of the adjustments. The other response referenced Rule 6(3) of the Service Tax Rules 1994, which allows for the adjustment of excess service tax payments in the liability of the following month.