Adjustment of excess service tax permitted as alternative to refund under liberal interpretation of procedural rules. A liberal reading of Rule 6(3) of the Service Tax Rules, 1994 permits adjustment of excess service tax paid against future liabilities when facts show an ... Summary
Adjustment of excess service tax permitted as alternative to refund under liberal interpretation of procedural rules.
A liberal reading of Rule 6(3) of the Service Tax Rules, 1994 permits adjustment of excess service tax paid against future liabilities when facts show an excess payment, rather than restricting the assessee solely to a refund claim, consistent with constitutional limits on taxation and the Revenue's concession of excess payment.
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TaxTMI 
TaxTMI 
