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Issue ID: 112698
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Cell inTrans1for entry of ST paid on 05.07.17 through net banking challan

Date 27 Aug 2017
Replies 2 Replies
Views 1620 Views
Service tax RCM credit to be included in ST 3 for quarter and reflected in electronic credit ledger via GST TRAN 1.
Service tax paid under the Reverse Charge Mechanism for June 2017 should be included in the ST-3 return for April-June 2017 filed by 15 August 2017; the closing credit balance from that return will transfer automatically to the electronic credit ledger and, if transferred, those challans may be shown in Column 5 of GST TRAN-1. Manufacturers must account for such service tax credit through their excise/CENVAT returns rather than a service-provider ST-3. (AI Summary)

Dear experts

We had paid our service tax RCM liability for the month of June 17 on 05.07.2017 through on line Challans.kindly suggest in which cell of Trans1 the details of such challans are to be filled to avail ITC.

It is urgent please.

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