Sir,
For Nbfc company 50% of cenvat credit is required to pay in cash Under CCR rules 2011 .My query is that how to show payment Under Rule 6(3B) of CCR in ST-3. For Example My client provide Rs 1,00,000 taxable service in the month of march and made following Adjustment
Taxable Service 1,00,000
ST payable 12,360
Cenvat Opening balance for March 50,000
Less Cenvat Utilised 12,360
Closing Cenvat balance 37,640
And assessee paid Rs 12360 X 50% = 6180 Under rules 6(3B) of cenvat credit rules
My query
As output liability of Rs 12,360 is fully adjust with Cenvat Credit then how we will disclosed Rs 6180 payment in ST-3 return.
CAclubindia
