CENVAT CREDIT AND TIME LIMIT OF RETURN FILING

1. WHAT ARE RULES REGARDING UTILIZATION OF INPUT SERVICES FOR PAYMENT OF CENTRAL EXCISE DUTY ON GOODS CLEARED WHEN ASSESSEE HAVE JUST CROSSED SSI EXEMPTION AVAILED AS PER NOTIFICATION NO. 8/03 CE DATED 01.03.03 AS AMENDED ?

2. WHAT ARE THE DUE DATES REGARDING FILING OF SERVICE TAX RETURN NAMELY ST-3 ? ARE THERE ANY CHANGES ?

READERS ASSISTANCE WOULD BE HIGHLY ACCEPTABLE

LOOKING FORWARD FOR AN EARLY REPLY

THANK YOU

Replies (2)

1. the input are eligible , the assess can avail credit on the stock inhand and the purchases made after crossing the limit of ssi which is 150 lks at present , so when ever the assess cross the ssi limit he need to pay excise on any furture clearance made and can avail input credit on any stock lying

3. due date for filing the service tax returens

within   25 days from the end of 6 months .. 25 oct  and 25 april

now , the revised return can be file within 90 days from the date of original return  w.e.f. 1-3-2008

previosualy is was 60 days 1-3-2007

 

Originally posted by : SUHAS MITRA

1. WHAT ARE RULES REGARDING UTILIZATION OF INPUT SERVICES FOR PAYMENT OF CENTRAL EXCISE DUTY ON GOODS CLEARED WHEN ASSESSEE HAVE JUST CROSSED SSI EXEMPTION AVAILED AS PER NOTIFICATION NO. 8/03 CE DATED 01.03.03 AS AMENDED ?

2. WHAT ARE THE DUE DATES REGARDING FILING OF SERVICE TAX RETURN NAMELY ST-3 ? ARE THERE ANY CHANGES ?

READERS ASSISTANCE WOULD BE HIGHLY ACCEPTABLE

LOOKING FORWARD FOR AN EARLY REPLY

THANK YOU

for this purpose the assessee has to maintain practice of prograssive total invoice wise, 

from the date and time of invoice when it cross 150 lacs, he is entitled to input credit of service tax paid ( after date) bills and excise paid stock in hand. 

service tax return dates are within 25 days from the close of half year, ending sept and march. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 August 2026
Article Assistant

Sanath Sheshagiri & Co.

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 05 August 2026
CA associate

Arun Deepak and Company

New Delhi

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
08 August 2026
International Corporate Tax Advisory

Shulke

Bengaluru

CA

View Details
Company
ARTICLESHIP 10 August 2026
Article Assistant

Suraj Garg and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details