how to file reverse charge mec return st 3

[ankit gupta]

how to file st 3 for reverse charge mechanism in service tax return

[Rajagopalan Ranganathan]

Sir,

In form ST-3 under the heading "PART B - VALUE OF TAXABLE SERVICE AND SERVICE TAX PAYABLE" there is a column 'B2 FOR SERVICE RECEIVER'. In this column you show the details of service tax paid by you under reverse charge mechanism.

[Ganeshan Kalyani]

It is very interesting to file return. In the first page an instruction is given. With cool mind if one reads it the return can be filed with joyful.

[Ganeshan Kalyani]

The filing of return is mandatory as per rule. More importantly it should be filed before due date.

[YAGAY andSUN]

You would have to put tick at the appropriate icon i.e. recipient of services while selecting the taxable service at the beginning of statutory return.

[Ravikumar muthusamy]

you can take cenvat credit also for the RCM payments made. i.e you have to file RCM taxable amount in PART B2 and it will show the tax payable amount and then file paid amount in PART D1 as you have to discharge the RCM liability by chalon only. Then you can take credit of the same in I3 and use it for service tax liabilities other than RCM

Hope I am clear

[Ganeshan Kalyani]

Yes service tax liability under reverse charge has to be paid in cash only and subsequently the credit of service tax paid under reverse charge can taken on challan basis.

AI Summary

Tips for Filing ST-3 Return: Use PART B2 for Reverse Charge, Follow Instructions, File Before Due Date A discussion on filing the ST-3 return for service tax under the reverse charge mechanism includes several responses. One participant advises using the 'PART B2 FOR SERVICE RECEIVER' section to report service tax paid. Another emphasizes reading instructions carefully for a smoother filing process and the importance of filing before the due date. A suggestion is made to select the recipient of services when filing and to use CENVAT credit for RCM payments, detailing the process of reporting in PART B2 and PART D1. It is noted that service tax under reverse charge must be paid in cash, with credit taken on a challan basis.