Service Tax Excess Payment

[Asked by Guest]

Dear Sir,

We have made a excess payment in Previous F.Y. Year March Quarter, 2016. Can i revised our return and adjust current quarter Service tax liabilities. Please advice how can i revised our return and adjusted or carried forward for Mach,2016 Quarter to June, 2016 quarter. What is the procedure.

Thanks in Advance.

AI Summary

Revision of service tax returns allows adjustment of excess payments in a subsequent period when reported or revised promptly.
If an excess service tax payment was disclosed in the return for the payment period using the challan reference, it can be adjusted against current period liabilities; if not disclosed, the taxpayer may file a revised return within 90 days of the original filing under Rule 7B to recognize and adjust the excess payment.