Service Tax return - Cenvat Credit Details

[Asked by Guest]

Hi Can anyone guide me w.r.to the following. Service Tax Half Yearly return form ST-3 Point No 5. The table contains following. 1. Opening Balance 2. Credit availed on inputs 3. Credit availed on capital goods 4. Credit received from Inputs service distri -butor Total Credit availed 5. Credit utilised towards payment of service tax Closing Balance. My query is, a) Is there any differential treatment for service tax on inputs and capital goods. Does the 50% rule as in Cenvat for Capital goods apply to ST also ? b) What is the diff between 'Credit availed on inputs services' and "Credit received from inputs service distributor". My other query is Point No 6. Credit details for input service distributor. Can any one clarify what does this mean. Is it details of tax credit and payments ? My last query is can any one tell me, as to where to mention the credit of service tax inputs transfered to Excise cenvat a/c to be mentioned ? Regards Vandana

AI Summary

Cenvat credit on capital goods requires staged availment; Input Service Distributor rules allocate input service credit across units.
Form ST-3 requires reporting of opening balance, credits availed on inputs and capital goods, credit received from an Input Service Distributor, total credit availed, credit utilised for service tax and closing balance. Capital goods credit is taken in staged instalments with full credit treatment when removed on payment. An Input Service Distributor registers in form ST-1, distributes credit from the paying unit to recipient units, and distributions must be supported by specified provider invoices and ISD distribution documents. Service tax Cenvat credit cannot be transferred for excise Cenvat payment.