Amends the Service Tax Rules, 1994

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....reby makes the following rules further to amend the Service Tax Rules, 1994, namely :- 1. (1) These rules may be called the Service Tax (Amendment) Rules, 2007. (2) They shall come into force on the date of their publication in the Official Gazette, unless otherwise specified. 2. In the Service Tax Rules, 1994 (hereinafter referred to as the said rules), with effect from the 1st day of April, ....

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....he credit of Central Government any amount in excess of the amount required to be paid towards service tax liability for a month or quarter, as the case may be, the assessee may adjust such excess amount paid by him against his service tax liability for the succeeding month or quarter, as the case may be. (4B) The adjustment of excess amount paid, under sub-rule (4A), shall be subject to the fol....

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....said rules, after rule 7A, the following rule shall be inserted, namely:- "7B. Revision of Return.- An assessee may submit a revised return, in Form ST-3, in triplicate, to correct a mistake or omission, within a period of sixty days from the date of submission of the return under rule 7. Explanation.- Where an assessee submits a revised return, the 'relevant date' for the purpose of recovery o....