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
Subscribe to:
Post Comments (Atom)
Recent Landmark GST Judgments: A Comprehensive Overview
The Goods and Services Tax (GST) regime continues to evolve through judicial interpretations. From the Supreme Court to various High Court...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
In a significant development, the Supreme Court has dismissed the Revenue’s Special Leave Petition (SLP) challenging a Bombay High Court (...
-
Sr No Due Date Related to Compliance to be made 1. 11.06.2026 GST ...
-
The introduction of the Goods and Services Tax Appellate Tribunal (GSTAT) has brought significant changes to the pre-deposit framework for...
-
Selling a property can trigger a significant tax liability in the form of capital gains tax. However, the Income-tax Act, 1961, allows you...
-
With the government making Aadhaar Card ( unique identification card ) mandatory in procuring LPG connections, issuing passports, sale or...
-
This is to update you on procedure prescribed by the Office of the Development Commissioner, Karnataka Sub Zone (the “Office”) to be foll...
-
Introduction Employee welfare is a cornerstone of corporate responsibility, and gratuity forms a critical part of the social security benefi...
-
MARRIAGE EXPENSES - POWERS OF I.T. AUTHORITIES In the recent past the Income Tax Department has been concentrating on collecting informat...
-
The provision of a corporate guarantee, where one company pledges to cover the financial obligations of another (often a subsidiary or affil...
No comments:
Post a Comment