Excess payment of Service Tax.

[Samik Chaudhuri]

Sir

We are manufacturing co, we have already paid 14% Service Tax on Transportation , Security Service and Works Contract, now it is heard that the new rate will be come into effect after enactment of Finance Bill 2015. Now how can the excess payment be adjusted. Please advice me.

With thanks and regards.

Samik Chaudhuri.

[PAWAN KUMAR]

Dear Sir,

As per my view, service tax paid in excess can be adjusted towards the liability for the succeeding month. If such adjustment is not possible, refund can be obtained from the department.

[mahim dangi]

Excess payment can be adjusted towards the future liability.

AI Summary

Excess service tax payment may be adjusted against future liabilities or claimed as a departmental refund.
An excess service tax payment may be adjusted against subsequent service tax liabilities, ordinarily against the succeeding month(s), and if adjustment is not practicable the taxpayer may claim a refund from the department.