TaxTMI 
TaxTMI 
Sir i have paid the excess service tax and in half yearly return i want to claim the excess amount. in half yearly return the amount of excess where shown.
excess payment
23 Dec 2011 
2 Replies 
1373 Views Asked by
Advance service tax payment can be adjusted against subsequent liabilities; taxpayer must notify authorities and report adjustment in next return.
Excess service tax paid functions as an advance payment that can be adjusted against later service tax liabilities; the taxpayer must notify the jurisdictional tax authority within the prescribed short period and disclose the advance payment and any adjustments in the subsequent statutory return, with the excess typically shown in the advance column of that next return. (AI Summary)
Excess service tax paid functions as an advance payment that can be adjusted against later service tax liabilities; the taxpayer must notify the jurisdictional tax authority within the prescribed short period and disclose the advance payment and any adjustments in the subsequent statutory return, with the excess typically shown in the advance column of that next return. (AI Summary)