ALSO READFinance Ministry to initiate first post-GST Budget exercise next week Watch out! Transactions through tax evaded money are no longer easy GST: Lower taxes to prevail in entertainment sector, says Finance Ministry Tax collection for FY17 exceeds FY16 by 18% at Rs 17.10 lakh cr Data shared with FinMin shows tax evasion worth Rs 15,047 cr
It has been clarified that in cases where service was received before 1-7-2017 and payment for the value of the service was also made before 1-7-2017, but the service tax was paid by 5th /6th July 2017, details of credit should be indicated in Part I of Form ST-3 by filing a revised return. In order to give compliant assessees who had filed their ST 3 return by the due date or some days later, an immediate and viable window to file revised returns, all ST3 returns for the period 1-4-2017 to 30-6-2017 which have been filed upto and inclusive of the 31st day of August 2017, shall be deemed to have been filed on 31-8-2017. Once details of such credit are reflected in the ST-3, the assessee may proceed to fill in the details in Form GST TRAN-1.
In the case of assessees who were not registered under ACES, who want to make payment of service tax on or after 1-7-2017, they may avail of the category of non assessee registration" in the registration module of ACES.
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