https://www.taxtmi.com/article/detailed?id=1470 The Point of Taxation Rules introduce accrual-based service tax reporting, making the existing ST-3 return unable to capture obligations arising from continuous supplies, late or post-completion invoicing, gross amounts where tax was already paid, cenvat credit reversals for unpaid supplier invoices, and transitional invoices. The author urges a comprehensive redesign of the ST-3 format and an extension of filing deadlines to enable compliant reporting under the new timing and credit rules. en-us Mon, 17 Oct 2011 22:51:02 +0530 Mon, 17 Oct 2011 22:51:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1470 The Point of Taxation Rules introduce accrual-based service tax reporting, making the existing ST-3 return unable to capture obligations arising from continuous supplies, late or post-completion invoicing, gross amounts where tax was already paid, cenvat credit reversals for unpaid supplier invoices, and transitional invoices. The author urges a comprehensive redesign of the ST-3 format and an extension of filing deadlines to enable compliant reporting under the new timing and credit rules. Articles Service Tax Mon, 17 Oct 2011 22:51:02 +0530 https://www.taxtmi.com/article/detailed?id=1470