Adjustment of excess service tax paid for the discharge of service tax liability for the subsequent period

Adjustment of excess service tax paid for the discharge of service tax liability for the subsequent period https://www.taxtmi.com/news?id=3478 Excess payment of service tax may be set off against future service tax liabilities; an excess discharge of service tax is available to reduce subsequent period obligations and serves as an administrative mechanism permitting taxpayers to adjust overpaid amounts against ensuing dues rather than seeking immediate refunds, a principle affirmed by multiple tribunal authorities. en-us Mon, 25 Jun 2012 09:07:36 +0530 Mon, 25 Jun 2012 09:07:36 +0530 TaxTMI RSS Generator Adjustment of excess service tax paid for the discharge of service tax liability for the subsequent period https://www.taxtmi.com/news?id=3478 Excess payment of service tax may be set off against future service tax liabilities; an excess discharge of service tax is available to reduce subsequent period obligations and serves as an administrative mechanism permitting taxpayers to adjust overpaid amounts against ensuing dues rather than seeking immediate refunds, a principle affirmed by multiple tribunal authorities. News - Mon, 25 Jun 2012 09:07:36 +0530 https://www.taxtmi.com/news?id=3478