TaxTMI 
TaxTMI 
TaxTMI 
Service tax adjustment
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....ervice tax adjustment<br> Query (Issue) Started By: - ssrao barsyl Dated:- 15-3-2010 Last Reply Date:- 19-3-2010 Service Tax<br>Got 1 Reply<br>Service Tax<br>Dear Sir, If the client has paid my money ....
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....on the bills raised and I have paid service tax. Subsequently, the client has disputed the entire amount paid to me and asking me to refund the entire amount mentioning that there is a technical mista....
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....ke in the work done by me. If I accept the contention of client and reverse the entry in my books, can the service tax paid be adjusted against other future bills where I need to pay the service tax ?....
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.... Reply By Rama Krishana: The Reply: Yes, you can adjust the amount of service tax so paid with the future liability. You may read the provisions of rule 6(3) of the service tax rules, 1994 which stipu....
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....lates that, "(3) Where an assessee has paid to the credit of Central Government service tax in respect of a taxable service, which is not so provided by him either wholly or partially for any reason, ....
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....the assessee may adjust the excess service tax so paid by him (calculated on a pro rata basis) against his service tax liability for the subsequent period, if the assessee has refunded the value of ta....
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....xable service and the service tax thereon to the person from whom it was received."<br> Discussion Forum - Knowledge Sharing ....