TaxTMI 
TaxTMI 
Surenderji,
Kindly enlighten us the purpose behind ST 3 asking for 3 months data. Whether return is required to be filed quarterly.
service tax- ST3
01 Oct 2012 
5 Replies 
1721 Views Asked by
Quarterly returns under service tax to capture updated format and reverse-charge reporting after law changes.
The Ministry of Finance is considering quarterly returns under service tax to gather revenue data and finalise GST policy; the ST-3 format was modified to collect three-month segment data to address transitional reporting after the move to a negative-list regime, and to accommodate reporting of the reverse charge mechanism and sharing of tax liability between service providers and service recipients for cross-checking. (AI Summary)
The Ministry of Finance is considering quarterly returns under service tax to gather revenue data and finalise GST policy; the ST-3 format was modified to collect three-month segment data to address transitional reporting after the move to a negative-list regime, and to accommodate reporting of the reverse charge mechanism and sharing of tax liability between service providers and service recipients for cross-checking. (AI Summary)