service tax- ST3

[CAGOPALJI AGRAWAL]

Surenderji,

Kindly enlighten us the purpose behind ST 3 asking for 3 months data. Whether return is required to be filed quarterly.

AI Summary

ST-3 Form Requires Three Months of Data; Quarterly Filing Considered for Policy and GST Finalization A discussion on a forum addresses a query about the purpose of the ST-3 form requiring three months of data for service tax returns. Participants discuss whether the return needs to be filed quarterly. One response suggests that the Ministry of Finance is considering quarterly returns to better inform policy-making and GST finalization. Another participant explains that changes in service tax law, effective July 1, 2012, necessitated a new format for the ST-3 form, splitting the reporting period to accommodate these changes. Additionally, the reverse charge mechanism requires modifications in the ST-3 form to ensure accurate tax reporting.