https://www.taxtmi.com/forum/issue?id=109284 Cenvat credit can only be utilized to the extent such credit is available on the last day of the relevant month or quarter; credits arising later cannot discharge earlier month liabilities. Interest and penalty must be paid in cash. Excess service tax payments may be adjusted against the succeeding period, but excess interest must be claimed as a refund from the jurisdictional officer. Excess interest for one service cannot be adjusted against interest for another service under the same assessee code due to different accounting codes. Disclose actual interest paid in ST-3 and note the refund claim in remarks. en-us Wed, 14 Oct 2015 12:23:19 +0530 Thu, 23 Jan 2025 15:56:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109284 Cenvat credit can only be utilized to the extent such credit is available on the last day of the relevant month or quarter; credits arising later cannot discharge earlier month liabilities. Interest and penalty must be paid in cash. Excess service tax payments may be adjusted against the succeeding period, but excess interest must be claimed as a refund from the jurisdictional officer. Excess interest for one service cannot be adjusted against interest for another service under the same assessee code due to different accounting codes. Disclose actual interest paid in ST-3 and note the refund claim in remarks. Discussion-Forum Service Tax Wed, 14 Oct 2015 12:23:19 +0530 https://www.taxtmi.com/forum/issue?id=109284