excess income shown in the return during the year 2014-15

[Jayadevan K M Nair]

During the year 2014-15 Works contract advance receipt and bills both shown in the return and paid ST thereon. But party paid the payment after adjusted the advance. The mistake found only at the time of audit. I want to know that can it adjust 2015-16 first half return ?

AI Summary

Excess Service Tax from 2014-15 Can Be Adjusted in 2015-16 Return Under Rule 6 (4A), If Criteria Met. During the 2014-15 fiscal year, excess income was reported due to both works contract advance receipts and bills being shown in the return, leading to overpayment of service tax. The issue was discovered during an audit. The query seeks to determine if the excess payment can be adjusted in the first half of the 2015-16 return. The response clarifies that under rule 6 (4A) of the Service Tax rules, 1994, such an adjustment is permissible, provided the excess payment was not due to issues involving law interpretation, taxability, classification, valuation, or exemption applicability.