Service Tax Return & Tax payment

This query is : Resolved

Hardik Varu (Querist)
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16 October 2010 IF an assessee is a pvt.ltd. company.
It has provided service and received payments for it in june and august and so service tax of 10,000 and 5000 is payable respectively for the receipts.
It also has input service and made payment for it in september in which service tax input is of 30000.
The service tax payment for june and august is yet pending. For service tax paid on input services in september, can its credit be taken for the service tax to be paid for previous months of June and august???

How to show it in ST-3??

And if the assesse has forgotten to take input credit of service tax in earlier months of april-may, for which the service tax payment is already done. Can its credit be now taken in any of the future periods.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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16 October 2010 As the assessee is a private limited company service tax is payable by the company monthly and hence it will have to pay service tax for the month of June & August i. e. Rs. 15000/- now along with interest and for the input tax credit for which payment was made in september credit will be taken in september only and it will be adjusted against service tax liability in future periods.

ST - 3 is a good format and the details can be filled in easily by giving the above effects and paying the amounts on a month to month basis.

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