Tribunal Allows Adjustment of Excess Service Tax Against Future Liabilities, Dismisses Preclusion of Refund Claim.

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....Eligibility to make adjustment of excess service tax paid against future service tax liability - Claim of Excess service tax paid due to issuance of revised invoice - The Tribunal affirmed the eligibility of the appellant to adjust excess service tax paid against future liabilities. It noted that the appellant had availed credit for the excess tax paid on the original invoices and used a portion of it to pay service tax in subsequent periods. The Tribunal rejected the argument that the appellant could not have filed a refund claim while using a part of the excess service tax for future liabilities.....