Dear Members</p>
<p>Please suggest me how to deduct the input credit amounts from the Service tax liability. Can I get the 100% of service tax paid by us from the service tax laibility.</p>
<p>or I s there nay condition to deduct only 20% of the tax liability or 100% of the service Tax payment. whichever is less.</p>
<p>And also please send me the new ST 3 Return in MS Word/ Excel file.</p>
<p>My Email Id : chandrakala1818 @ yahoo.co.in<br />
</p>
<p>Thanks & Regards</p>
<p>Chandra Kala</p>
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ST 3 Return
Replies (4)
The restriction on utilisation of input services is where the same are used in manufacturing exempted goods or in provding non taxable / exempt services.
The restriction on utilisation to extent of 20% of the tax payable is no more good law. The option now is to keep separate records or pay 8/10 % or avail proportinate credit. Pl see revised rule 6 of CCR.
please send st 3 in excel formet
| Originally posted by :Bhavin Patel | ||
| " | please send st 3 in excel formet | " |
| Originally posted by :chandrakala | ||
| " | Dear Members
Please suggest me how to deduct the input credit amounts from the Service tax liability. Can I get the 100% of service tax paid by us from the service tax laibility. CASE - I THE SERVICE IS TAXABLE IN FULL THEN FULL INPUT TAX CREDIT NEEDS TO BE ADJUSTED WITH OUTPUT TAX LIABILITY CASE - II THE SERVICE INCLUDES BOTH TAXABLE AND NON TAXABLE IN THAT EVENT ONLY TAXABLE PORTION'S INPUT TAX CREDIT TO BE ADJUSTED WITH OUTPUT TAX LIABILITY, SEPARATE BOOKS OF ACCOUNTS TO BE MAINTAINED CASE III IN CASE THE OUTPUT SERVICE IS EXPORTED OR EXEMPTED,THEN THE REFUND OF UN UTILISED INPUT TAX CREDIT MAY BE CLAIMED BY FILING REFUND A CLAIM WITH WITH THE SERVICE AUTHORITIES or I s there nay condition to deduct only 20% of the tax liability or 100% of the service Tax payment. whichever is less. NO SUCH CONDITION IS AVAILABLE And also please send me the new ST 3 Return in MS Word/ Excel file. THE ST3 FORMAT IS FORWARDED TO YOUR E-MAIL HOPE YOU ARE CLARIFIED My Email Id : chandrakala1818 @ yahoo.co.in Chandra Kala |
" |
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