Adjustment of R & D Cess

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....djustment of R & D Cess<br> Query (Issue) Started By: - Pawan Kumar Dated:- 1-4-2015 Last Reply Date:- 3-4-2015 Service Tax<br>Got 1 Reply<br>Service Tax<br>Sir, I have imported tech. from aboard for....

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.... &#8377; 2.5 Cr, on which i have deposited RandD cess &#64; 5&#37; i.e. &#8377; 12,50000/-, Now i have to pay balance service tax amt &#8377; 18,40,000/- ie.(12.36&#37; -5&#37;) as part of Service tax....

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..... But problem is that, when i filling ST return, details as under, Gross Amt : 2,50,00,000 ST Amt &#64; 12&#37; : 30,00,000 Less RandD Cess paid : 12,50,000 Net Service Tax payable : 17,50,000 Ed....

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....uc. Cess 2&#37; : 35,000/-(auto calculated) SHE Cess 1&#37; : 17,500/-(auto calculated) My queries, shall I pay &#8377; 18,02,500/-(Rs 17,50,000 + 35000+17500) or &#8377; 18,40,000/- If I pay &#837....

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....7; 18,40,000/- then how can I adjust the amount in ST-3 Return. Please advice me. Reply By YAGAY AND SUN: The Reply: Dear Pawan, You may show it excess paid or advance paid and in the subsequent p....

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....eriod you may adjust it. Regards, YAGAY and SUN (Management, Business and Indirect Tax Consultants)<br> Discussion Forum - Knowledge Sharing ....