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TMI BlogINPUT SERVICE PROVIDERX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, Our head office at Mumbai Andheri and we are registered with Input Service provider . There is 5 Group of company and all major expense and purchase amount will be paid through head office , so we are take cenvat credit ( Service tax ) under ISD registration and month end we are bifercate all plant through Invoice ( head office invoice ) as per Profit margin of all plant . But some confus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion is that is it forward all cenvate credit before file ST-3 Return OR There is no any relation with cenvate bifurcation or ST-3 Submission of ISD . PLEASE GIVE CLARITY ABOUT THIS . Thanks . SACHIN - Reply By pradeep khatri - The Reply = It is advisable to distribute Input services before filing of ST-3 return to the manufacturing units which are manufacturing dutiable final pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oducts. - Reply By Dilip Darji - The Reply = Dear Sirs. There is no such law that you need to pass on CENVAT Credit to your manufacturing Plant only before filing of ST-3 Return. You need to pass on within a reasonable time. You can pass on CENVAT credit to your manufacturing Plant, equivalent to the credit availed by you.You cannot transfer to your plant anything more than what you have avail ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed. If manufacturing Plants are manufacturing excisable goods, they shall be entitled to CENVAT credit. - Reply By pradeep khatri - The Reply = Kindly check the Rule 7 and 7A of the CENVAT credit Rules,2004 as amended time to time in this regard. - Reply By Dilip Darji - The Reply = Dear Sir. Rule 7 of CENVAT Credit Rules, 2004, speaks about manner of distribution of credit by ISD.(a) distr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ibuted credit should not exceed the amount of service tax credit availed by ISD (b) ISD cannot distribute Credit to the units exclusively enganged in providing exempted Service or exclusively manufacturing exempted goods. Rule 7A of CENVAT Credit Rules, 2004, speaks about distribution credit by ISD. That none of the above rule, prscribes any such condition that ISD is required to distribute cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edit before filing periodical ST-3 Return. - INPUT SERVICE PROVIDER - Query Started By: - SACHIN SHAH Dated:- 30-8-2011 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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