EXCESS SERVICE TAX PAID RCM IS C/F IN TRAN-1

[UDAYKANT PATHAK]

Sir,

A registered person in service tax ( existing law ) excess amount paid for RCM month of may 2017 and june2017, can he claim the excess paid amount c/f in TRAN-1 , Table 5A?

[Alkesh Jani]

Sir, Please file refund claim in form R, if the excess amount paid by you is in cash. You can claim only Cenvat credit lying in your last return filed. Cenvat credit excluding Ed.Cess or any other CESS.

AI Summary

Excess reverse charge payment: claim refund via Form R if paid in cash; otherwise only carry forward Cenvat credit. Excess payment under the reverse charge mechanism may be refunded via Form R if paid in cash; only Cenvat credit balances shown in the taxpayer's last pre-GST return are eligible for carry forward in TRAN-1 Table 5A, and education cess or other cesses are specifically excluded from eligible credit.