11.5 Rule 6(3B) has been inserted, w.e.f. 1-4-2011 to provide that, notwithstanding anything contained in Rules 6(1), (2) and (3), a banking company and a financial institution including a non-banking financial company, providing taxable service specified in Section 65(105)(zm) of the Act shall pay every month an amount equal to fifty per cent of the CENVAT credit availed on inputs and input services in that month.
Related Pratical question so pls help me
Output Service Tax Rs. 5,000 For month
Input Service Tax Rs. 20,000 for this month
How much payment or carry forward service tax amount for the month ?
I am ask related Banking Institution
So pls give me ans. as early as possible because of i am properly understanding rules 6(3B) of Service Tax
Regards
Kalpesh
CAclubindia
