St-3

This query is : Resolved

K R Ramesh (Querist)
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30 October 2012 Dear Members

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?

Many thanks

Regards
Ramesh

vikas Manglani

vikas Manglani (Expert)
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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.

K R Ramesh

K R Ramesh (Querist)
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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.

Please advice

Regards
Ramesh

vikas Manglani

vikas Manglani (Expert)
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31 October 2012 Does your input credit balance includes the credit in respect of which you got the refund??

K R Ramesh

K R Ramesh (Querist)
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31 October 2012 Yes, the opening balance include the amount for which the refund is received.

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