| For free
demonstration, Call : +91 99862 67037 |
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| Application
Features : |
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Printing of Invoice / Bills / Challans ( inclusive of TR-6 / GAR-7 Challans)
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Input Service Tax- as per Bill entry & Tax Credit Register
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Output Service Tax - as per Invoice & after realization
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Service Tax Abstract, Summary, Sales and Purchase Registers; & calculation as per Abatement Ratio
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Service Tax Payable, Available and Outstanding Reports
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Service Tax Credit & Education Cess register with Cenvat (Raw Material & Capital Goods (50% credit only)) & Education Cess Detail
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Records Excise Cenvat, and allows Excise credit
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| Includes The Following Technical Forms : |
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ST-1 : Application for registration
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ST-2 : Certificate of registration
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ST-3 : Return of service tax credited to the Govt. of India for a given period
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ST-3A : Memorandum for provisional deposit under rule 6
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ST-4 : Form of Appeal to the Commissioner of Central Excise
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ST-5 : Form of Appeal to Appellate Tribunal under section 86
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ST-6 : Memorandum of cross objections to Appellant Tribunal under section 86
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ST-7 : Form of application to Appellate Tribunal under Section 86(2)
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| Benefits : |
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Saves time and resources
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Accurate
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Easy to Analyze, & Audit
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| Eligible
Input Goods : |
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Duty paid on input goods used by service providers is also eligible for Cenvat
credit, but in a restricted way. As per rule 2(k)(ii), all goods, except light
diesel oil, high speed diesel oil, motor spirit, commonly known as petrol and
motor vehicles, used for providing any output services is ‘input'.
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Any goods used will be eligible- Definition of ‘input' or ‘input service' in
respect service providers is not restrictive. In case of input goods or input
service the words used are ‘used for providing any output service'.
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Value of input need not have been charged to the customer – The rules do not
provide that duty paid on input will be eligible only if its value is included
in the value of service charged to customer. A service provider will be
entitled to credit of excise duty paid on raw materials/consumables used by him
while providing output service, whether or not its value is included in taxable
service. It may be noted that as per Notification No. 12/2003-ST, dated
20-6-2003, a service providers is not required to pay service tax on goods and
materials used by him for providing output services. Therefore, exemption
notifications have been amended in the case of many services to the effect that
exemption is available only if no CENVAT credit has been taken. The service
provider will therefore have to make the right choice as between availing
exemption and taking CENVAT credit.
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