Cenvat credit

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Bhavik Prajapati (Querist)
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26 August 2013 HEllo, I have a query regarding Service tax input services.

We have received services in dated 13/02/2013 of Rs.21,000 with Rs. 2595 Service Tax. Total Bill Amount Rs. 23,595.

We have paid Rs. 12,000 on dated 22/03/2013.

we have paid Service tax for Quarterly ended in March 2013 with taken Rs.2,595 as a CENVAT CREDIT & Paid Service Tax.

Is it Right ?

also let me know that where have we show CENVAT CREDIT in ST-3 RETURN. Only Service Tax amount we have to show or total amount (Rs.21,000) and Service Tax amount (Rs.2,595.)

Please reply ASAP.

Bhavik Prajapati

Bhavik Prajapati (Querist)
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28 August 2013 Can any one update for this ?

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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19 July 2024 Based on the details provided, let's clarify the situation regarding Cenvat credit and the ST-3 return for service tax:

### Cenvat Credit Utilization

1. **Service Tax Paid:** You received services amounting to Rs. 21,000 with a service tax component of Rs. 2,595, making the total bill amount Rs. 23,595. You paid Rs. 12,000 on 22/03/2013.

2. **Cenvat Credit:** Cenvat credit can be availed on the service tax portion (Rs. 2,595) that you paid. Since you paid this amount in March 2013 and assuming you filed your quarterly return for January-March 2013, you can avail this credit against your output service tax liability.

3. **Utilization:** You can utilize the Cenvat credit of Rs. 2,595 to pay your subsequent service tax liabilities.

### ST-3 Return Filing

1. **Cenvat Credit in ST-3 Return:** In the ST-3 return, you need to report both the total invoice amount and the service tax amount. Specifically:
- **Total Invoice Amount:** Rs. 21,000 should be reported in the appropriate field for the total value of taxable services received.
- **Service Tax Amount:** Rs. 2,595 should be reported in the field for the service tax paid.

2. **Adjustment:** The Cenvat credit you have availed (Rs. 2,595) should also be mentioned in the ST-3 return. It will reflect as a credit utilized against your liability.

### Summary

- **Availing Cenvat Credit:** Yes, you can avail Cenvat credit on the service tax paid of Rs. 2,595.
- **Reporting in ST-3 Return:** You should report both the total invoice amount (Rs. 21,000) and the service tax amount (Rs. 2,595) in the ST-3 return. Additionally, indicate the Cenvat credit utilized against your service tax liability.

Ensure that all figures are accurately reported in your ST-3 return to comply with service tax regulations. If you have further doubts or specific requirements, consulting with a tax expert or Chartered Accountant would be advisable for precise guidance tailored to your situation.

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