ADJUSTMENT /REFUND OF SERVICE TAX

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  1. CA PAYAL GADA

    CA PAYAL GADA New Member

    ONE OF MY CLIENTS PAID SERVICE TAX OF RS 2.5 LACS ON 30.03.16. ON 31.03.16 HE PAID CONSULTANCY FEES FOR AN INVOICE WHICH INCLUDED SERVICE TAX ELIGIBLE FOR SET-OFF. AS SUCH SERVICE TAX LIABILITY FOR THE QUARTERE JAN TO MAR AFTER SET-OFF IS NIL AND HE HAS PAID AN EXCESS AMOUNT OF RS 2.5 LACS FOR THE QUARTER. PLEAE GUIDE THE WAY FORWARD . MY QUERIES ARE-
    1. IS THIS EXCESS ELIGIBLE FOR ADJUSTMENT AGAINST HIS FUTURE LIABILIES.
    2. CAN HE CALIM THIS EXCESS AS REFUND
    3. IS IF THERE IN INADEQUATE BILLING DURING THE QUARTER APRIL TO JUNE ; WHAT IS THE FATE OF THIS EXCESS PAYMENT?
     
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