Sir,
Our head office at Mumbai Andheri and we are registered with Input Service provider . There is 5 Group of company and all major expense and purchase amount will be paid through head office , so we are take cenvat credit ( Service tax ) under ISD registration and month end we are bifercate all plant through Invoice ( head office invoice ) as per Profit margin of all plant . But some confusion is that is it forward all cenvate credit before file ST-3 Return OR There is no any relation with cenvate bifurcation or ST-3 Submission of ISD .
PLEASE GIVE CLARITY ABOUT THIS .
Thanks .
SACHIN
CENVAT Credit Distribution Not Required Before Filing ST-3 Return; Must Follow Rule 7 and 7A Guidelines. An individual from a company with a head office in Mumbai sought clarity on whether CENVAT credit must be distributed to manufacturing plants before filing the ST-3 return. The responses clarified that there is no legal requirement to distribute CENVAT credit before filing the ST-3 return, but it should be done within a reasonable time. The credit distributed should not exceed the amount availed by the Input Service Distributor (ISD). Additionally, Rule 7 and 7A of the CENVAT Credit Rules, 2004, outline the distribution process but do not mandate pre-filing distribution. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
