Query on service tax return, its urgent

Service Tax (Legacy) 1067 views 2 replies

anony

MANAGER

145 Points Posted on 27 October 2012

DEAR SIR/MAM,

WE ARE A KRAFT PAPER MANUFACTURING COMPANY.

WHILE FILLING THE ST RETURN FOR THE PERIOD APRIL'12 TO JUNE'12, UNDER "CENVAT CREDIT TAKEN & UTILIZED" I FOUND A RAW WITH HEADING " CENVAT CREDIT OF SERVICE TAX & EXCISE DUTY"

KINDLY LET ME KNOW DO I NEED TO FILL IN ALL THE FIGURES I.E. "CENVAT CREDIT OF EXCISE DUTY ON INPUTS", "CENVAT CREDIT OF EXCISE DUTY ON CAPITAL GOODS" & CENVAT CREDIT OF SERVICE TAX AS WELL?

OR ELSE SHOULD I FILL ONLY "CENVAT CREDIT OF SERVICE TAX ON INPUT SERVICES RECEIVED DIRECTLY."

KINDLY HELP ME OUT & OBLIGE.

REGARDS,

LALIT DHABRIA

Replies (2)

Manoj BG

Tax Professional and in Service

1795 Points Posted on 27 October 2012

lalit,

Please be sure about one question. i.e. whether you are utilising cenvat credit against excise duty or against service tax liability or both?

ONly if you are utilising cenvat credit of service tax or excise duty on inputs against your service tax liability, then only you have to mention cenvat details in service tax return. else have to keep it as blank.

Provide the services on which you are paying service tax to have better picture.

Thanks and regards,

Manoj B. Gavali

Manoj BG

Tax Professional and in Service

1795 Points Posted on 31 October 2012

Lalit,

If you are availing Cenvat Credit of service tax on input services and excise duty paid on inputs and capital goods againstyour excise duty liability, do not fill any details in ST-3 returns as you have not availed any credit against service tax liability. Hence, amount needs to keep as zero in service tax returns.

In your ER-1 (i.e. excise returns) all this credit will be reflected at the time of filing monthly return.

Thanks and regards,

Manoj B. Gavali