TaxTMI 
TaxTMI 
Adjustment of excess amount paid
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....djustment of excess amount paid<br> Query (Issue) Started By: - Basavaraj S Dated:- 22-1-2011 Last Reply Date:- 27-7-2011 Service Tax<br>Got 1 Reply<br>Service Tax<br>If the assessee has paid service ....
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....tax on billing & not on receipt basis, can he adjust the excess payment of ST paid in the next quarter. If so, under which Rule? The assessee has not intimated the Department within 15 days neither ha....
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....s he filed the return. Reply By Surender Gupta: The Reply: Intimation to the department is procedural lapse. You may intimate the department alongwtih Return and claim the benefit of excess payment o....
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....f service tax. For procedural lapse, department may initiate penalty proceedings but should not deny the substantial benefit.<br> Discussion Forum - Knowledge Sharing ....