SERVICE TAX ON CREDIT NOTE ISSUED TO DEBTORS

sheetal (CA) (105 Points)

20 April 2011  

Hello,

The comapny raise the sales bill in july 2010 and paid service tax on it

In March credit note issued to the party against the above mentioned bill  and ST on credit note is 90000

No service tax  input credit left in the month of March.

Agian in MArch the another sales bill raised and ST payable is Rs 60000/-

we adjusted the ST payable agianst the Credit note .

But quetion is

While preparing the ST3 where to write the ST on credti note which is adjusted agianst ST paybale

in  4A (i)  os ST3

if we put the amount in 4a(i)(iii) i.e in column of " adjustment of excess amount paid earlier and adjusted in this period under Rule 6(3) of ST rules.

What should be write in 4B col i.e. what is the Soure document no  and period

While filing the ST3 it is asking all above details.

 

or

shall we write the service tax on credit note which is adjusted in col of 4A(I)(ii) i.e "by CENEVAT credit

Please if anybody knows reply

Thanks