My clients M/S ABC LTD. engaged in the manufacture of Plasticizers and registered with the service tax department under the category of goods transport agency. During the quarter ended 30-09-2009 and 31-12-2009 company has paid freight outward/inward amounting rs. 400000 and 850000 respectively. service tax paid @ 10% on freight amount without obtaining abatement of 75%. kindly clarify whether the excess service tax paid will be refundable or adjustable against service tax liability of subsequent quarter..
