SUHAS MITRA (ARTICLE ASSITANT) (54 Points)
01 March 20111. WHAT ARE RULES REGARDING UTILIZATION OF INPUT SERVICES FOR PAYMENT OF CENTRAL EXCISE DUTY ON GOODS CLEARED WHEN ASSESSEE HAVE JUST CROSSED SSI EXEMPTION AVAILED AS PER NOTIFICATION NO. 8/03 CE DATED 01.03.03 AS AMENDED ?
2. WHAT ARE THE DUE DATES REGARDING FILING OF SERVICE TAX RETURN NAMELY ST-3 ? ARE THERE ANY CHANGES ?
READERS ASSISTANCE WOULD BE HIGHLY ACCEPTABLE
LOOKING FORWARD FOR AN EARLY REPLY
THANK YOU
1. the input are eligible , the assess can avail credit on the stock inhand and the purchases made after crossing the limit of ssi which is 150 lks at present , so when ever the assess cross the ssi limit he need to pay excise on any furture clearance made and can avail input credit on any stock lying
3. due date for filing the service tax returens
within 25 days from the end of 6 months .. 25 oct and 25 april
now , the revised return can be file within 90 days from the date of original return w.e.f. 1-3-2008
previosualy is was 60 days 1-3-2007
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 02 March 2011
| Originally posted by : SUHAS MITRA | ||
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1. WHAT ARE RULES REGARDING UTILIZATION OF INPUT SERVICES FOR PAYMENT OF CENTRAL EXCISE DUTY ON GOODS CLEARED WHEN ASSESSEE HAVE JUST CROSSED SSI EXEMPTION AVAILED AS PER NOTIFICATION NO. 8/03 CE DATED 01.03.03 AS AMENDED ? 2. WHAT ARE THE DUE DATES REGARDING FILING OF SERVICE TAX RETURN NAMELY ST-3 ? ARE THERE ANY CHANGES ? READERS ASSISTANCE WOULD BE HIGHLY ACCEPTABLE LOOKING FORWARD FOR AN EARLY REPLY THANK YOU |
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for this purpose the assessee has to maintain practice of prograssive total invoice wise,
from the date and time of invoice when it cross 150 lacs, he is entitled to input credit of service tax paid ( after date) bills and excise paid stock in hand.
service tax return dates are within 25 days from the close of half year, ending sept and march.
CAclubindia
