Central Government Amends Service Tax Rules, 1994: New Requirements for Form ST-3 Under Section 94 of Finance Act, 1994
The Service Tax (Amendment) Rules, 1997, issued by the Central Government, amends the Service Tax Rules, 1994, under the authority of section 94 of the Finance Act, 1994. Effective upon publication in the Official Gazette, the amendment modifies Form ST-3 by replacing columns 4 to 7 and their headings. The new columns require details on the value of taxable services realized, service tax at 5%, interest payable, service tax leviable, and service tax collected monthly. Additional fields include total amount paid, challan or journal slip details, and amounts credited to government and interest paid.
Full Summary is availble for active users!
Note: It is a system-generated summary and is for quick
reference only.