Can any adjustment of tax liability be made by an assessee on his own in cases where Service Tax has been paid in excess?
Ans:- Yes. As per Rule 6(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, 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 taxable service and the service tax thereon to the person from whom it was received. In all other cases of excess payment, the refund claims have to be filed with the department. 4.
Related Questions
- Is the Service Tax payable by the assessee even in cases where his clients do not pay for the service rendered or pay only a part of the bill raised in this regard?
- Can any adjustment of tax liability be made by the assessee on his own in cases where Service Tax has been paid in excess?
- Can any adjustment of tax liability be made by an assessee on his own in cases where Service Tax has been paid in excess?
