We are an export oriented firm and getting the service tax refund on the Cenvat credit on the input service tax paid on services availed associated with export service.
But not sure where to show this refund received from the Department in the Service Tax Return Form ST-3. If we don't show this amount the closing balance won't get reconciled with the books.
Can you please advice where it should be reflected in the return?
31 October 2012
Logically you should deduct the same from input service tax credit available because you have got refund of that amount so it is no longer available for input tax credit.
31 October 2012
Many thanks for the reply, We have received the refund of previous financial year in the current financial year in this case where it should be reflected in the ST-3 so that the closing balance reflect the current credit balance. There is no seperate line items for the refund received in the ST-3.
CAclubindia
