Cenvat credit

dear Sir,

In ST-3 e return under rule 4A i have cenvat credit  last year closing balance so, where i have to shown it in 4A

4A (I) SERVICE TAX ,EDUCATION CESS,SECONDARY AND HIGHER EDUCATION CESS PAID
(a)  SERVICE TAX PAID
(i)  In Cash :  
(ii)  By CENVAT Credit ^ :  
(iia)  By Adjustment of Amount earlier paid in advance and adjusted in this period under Rule 6 (1A):  
(iii)  By Adjustment of Excess Amount paid earlier and adjusted in this period under Rule 6 (3) of ST Rules :  
(iv)  By Adjustment of Excess Amount paid earlier and adjusted in this period under Rule 6 (4A) of ST Rules :  

 

Replies (7)

If i am getting your question right, you have Cenvat Balance and have utilised it during the current period for the purpose of payment of service tax.

If my understanding is right you need to show the amounts in By Cenvat Credit.

 

Yes...show it in Cenvat credit and in Cenvat credit details, give the opening balance and its subsequent utilisation.

Regards

Prateek

we follow the same practice as mentioned by Prateek and Prasad too.

Agree with above...if u have other doubts pls elaborate...

Agreed, Pass setoff entry in books . Input Service tax from expenses should be setoff against service tax payable generated from tax invoice.Keep details of this setoff in service tax assessment file with xerox copy of creditors bill justyfing the input credit.

 

Sir, if at the tym of filling of return of 1st half year, we forgot to show the amount of Cenvat credit, nw at the time of filling of return of 2nd half year, can i claim it and how?

yes..u will have to avail the same first n then utilise it...

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