Please clarify notification under ST 26 and 30/2012- in notifn 26/2012 the abatement given for renting of motor vehicle designed to carry passenger as 60 % that is taxable value is 40%
Now in Reverse charge notification 30/2012 service receiver has to pay ST on 40% of the value of service.When preparing ST3 file the A10.6 column under rent a cab is displaying only 60% when putting service receiver and partial receiver column as YES
we are service receiver and filing excise return ER1 and ST3 regularly
my doubt is usually we are provide details of Service tax credit under ER 1 ,why not included in ST 3 and which column? is it necessary now in new ST 3 the details of Service tax credit is there is it mandatory if the credit taken in the return period.
09 April 2013
We are in project stage, till date there is no production hence we are taking credit on purchase of RM, input services and import of services.But regularly filing ER1 and ST 3
there is no out put services, in this situation is it mandatory to provide credit on input services in ST3, we think ER 1 is enough .
CAclubindia
