Adjustment of service tax permitted where excess payments due to later property tax deduction may be adjusted within one year. Where service tax paid on renting of immovable property exceeds the liability because property tax was not deducted from gross rent, the assessee may adjust such excess amount against service tax liability within one year from payment of the property tax; details of the adjustment must be intimated to the Superintendent of Central Excise within fifteen days of the adjustment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Adjustment of service tax permitted where excess payments due to later property tax deduction may be adjusted within one year.
Where service tax paid on renting of immovable property exceeds the liability because property tax was not deducted from gross rent, the assessee may adjust such excess amount against service tax liability within one year from payment of the property tax; details of the adjustment must be intimated to the Superintendent of Central Excise within fifteen days of the adjustment.
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