21 April 2016
Our Company is receiving Rent a cab service and co. is paying 50% of service tax to govt and also receiving works contract service from individual(R&M) and paying 50% service tax on 70% of value. My query is, while filing ST3 return the total value is shown on B2.7(Amount on which Service Tax is payable under partial reverse charge), where can I show the deductible 50% of value? Amount Exempted or abatement? Also mention the the Notification Number and SI NO. Please answer. Thanks in Advance
24 April 2016
In the respective Payable Service Sheets fill up the following:
In Rent - a - Cab Service Exemption Notification No. 30/2012 - serial no. 7(a). Abatement Notification No. 26/2012 - serial no. 9.
In Works Contract Service both the Notification No. 30/2012 - serial no. 9.
In the ST - 3 Return fill up B 2.1 to 2.6.
In case of Rent - a - Cab Service claim 50% of B 2.7 as abatement. Automatically B 2.14 will reflect the Net Taxable Value on which the Service Tax and SB Cess would be calculated.
In case of Works Contract Service claim 30% of B 2.7 as exemption in B 2.9 and 50% of the balance as abatement in B 2.11. Automatically B 2.14 will reflect the Net Taxable Value on which the Service Tax and SB Cess would be calculated.
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