Consider the following situation: ●      The service provider charges service tax on the services provided, and ●      It is not possible for the service receiver to ascertain the amount on which service tax is charged. In such a case, service receiver will…

Service tax adjustment flags are provided for various adjustment transactions involving service tax payable or service tax input credit, as required by the department. These help in capturing the value for each flag in respective fields of Form ST3. To…