Friday 29 September 2017

CBEC : Avail credit of service-tax paid in July in revised Form ST-3, then TRAN-1

CBEC issues clarification on certain transitional issues arising w.r.t. payment of service tax after June 30; Clarifies that in cases where service was received and payment thereof was made before July 1 but service tax was paid by July 5 / 6, details of credit should be indicated in Part I of Form ST-3 by filing revised return; Accordingly, to give assessees an immediate and viable window to file revised returns within 45 days, CBEC states that all ST-3 returns for the period April – June 2017 which have been filed upto and inclusive of August 31, shall be deemed to have been filed on August 31; Once details of such credit are reflected in ST-3, assessee may proceed to fill in the details in Form GST TRAN-1; Assessees who were not registered under ACES and who want to make payment of service tax on after July 1, can avail the category of “non assessee registration” in registration module of ACES : CBEC Circular  

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