Rent a cab under reverse charge

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This query is : Resolved

s.karthikeyan (Querist)

06 April 2013 Dear Sir,

Please clarify notification under ST 26 and 30/2012- in notifn 26/2012 the abatement given for renting of motor vehicle designed to carry passenger as 60 % that is taxable value is 40%

Now in Reverse charge notification 30/2012
service receiver has to pay ST on 40% of the value of service.When preparing ST3 file the A10.6 column under rent a cab is displaying only 60% when putting service receiver and partial receiver column as YES

please solve the problem.

Urgent pls

Thanks
Karthik

CA Neha Chauhan

CA Neha Chauhan (Expert)

06 April 2013 Revised utility for this correction is available on service tax site from 28th march onwards....

kindly download the said utility a fill the data.

Regards,
Neha Chauhan

Message likes : 1 times

s.karthikeyan

s.karthikeyan (Querist)

08 April 2013 Dear Sir

we are service receiver and filing excise return ER1 and ST3 regularly

my doubt is usually we are provide details of Service tax credit under ER 1 ,why not included in ST 3 and which column? is it necessary now in new ST 3 the details of Service tax credit is there is it mandatory if the credit taken in the return period.

pls clarify
thanks
karthik

CA Neha Chauhan

CA Neha Chauhan (Expert)

08 April 2013 yes you have to give details of credit taken by you in ST-3 the column is available in return form for that purpose

s.karthikeyan

s.karthikeyan (Querist)

09 April 2013 We are in project stage, till date there is no production hence we are taking credit on purchase of RM, input services and import of services.But regularly filing ER1 and ST 3

there is no out put services, in this situation is it mandatory to provide credit on input services in ST3, we think ER 1 is enough .

pls clarify

thanks
karthik

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