How to show service tax payable in return
This query is : Resolved
24 April 2014
Earlier there was an option to show service tax payable under "4C. DETAILS OF AMOUNT OF SERVICE TAX PAYABLE BUT NOT PAID AS ON THE LAST DAY OF THE PERIOD FOR WHICH RETURN IS FILED :"
But now in the return (offline version as well as online version) this option does not appear there. How to show service tax payable but not paid ?
Or payable is shown (say rs. 100) and paid is shown (say rs 70)and the difference is net payable or outstanding (Rs 30)?
But now in the return (offline version as well as online version) this option does not appear there. How to show service tax payable but not paid ?
Or payable is shown (say rs. 100) and paid is shown (say rs 70)and the difference is net payable or outstanding (Rs 30)?
25 April 2014
PART C NOT AVAILABLE FORM 2013 1ST HALF YEAR RETURN ONWARDS
SO PAYABLE RETURN NOT FILED THROUGH ONLINE FILL IN RET MENU
XML FILE AFTER UPLOAD MAYBE REJECTED NOT TALLY WITH PAYABLE PAID.
SO FIRST PAID AND FILE RETURN OTHER WISE FILE NIL RETURN NEXT 90 DAYS U WILL FILE REVISED RETURN.
SO PAYABLE RETURN NOT FILED THROUGH ONLINE FILL IN RET MENU
XML FILE AFTER UPLOAD MAYBE REJECTED NOT TALLY WITH PAYABLE PAID.
SO FIRST PAID AND FILE RETURN OTHER WISE FILE NIL RETURN NEXT 90 DAYS U WILL FILE REVISED RETURN.
Message likes :
1 times
25 April 2014
want to keep query open but status automatically becomes resolved
28 July 2024
**Handling Service Tax Payable in Returns**
The process of showing service tax payable but not paid in the return has evolved with changes in GST and the phase-out of service tax. Here’s a detailed guide on how to manage service tax payable in returns:
### 1. **Understanding the Changes**
1. **Service Tax Phase-Out:**
- **GST Implementation:** Since the implementation of GST on July 1, 2017, service tax has been subsumed under GST. For periods before GST came into effect, you would still need to file service tax returns, but post-GST, you should be filing GST returns.
2. **Service Tax Returns:**
- **Pre-GST Returns:** For periods before GST, you must file service tax returns using the prescribed forms (e.g., ST-3).
- **Post-GST Returns:** For periods post-GST, service tax is no longer applicable, and you should focus on GST compliance.
### 2. **Filing Service Tax Returns (Pre-GST)**
For periods before the GST implementation, if you need to show service tax payable but not yet paid, follow these steps:
1. **Using ST-3 Form:**
- **Field 4C (Details of Amount of Service Tax Payable but Not Paid):** This field was used to indicate the amount of service tax payable but not yet paid as of the last day of the period for which the return is filed.
- **Current Scenario:** If you’re filing for a period before GST and this field is missing, ensure you are using the correct version of the ST-3 form. The latest versions should have the correct fields for this purpose.
2. **Handling Payable Amounts:**
- **Payable but Not Paid:** If you have an amount that is payable but not paid, you should list it under the appropriate section in the ST-3 form.
- **Example Entry:** If your service tax payable is Rs. 100 and Rs. 70 is paid, you should:
- **Declare Rs. 100** as the total service tax payable.
- **Declare Rs. 70** as the service tax paid.
- **Show Rs. 30** as the outstanding balance, which is payable.
3. **Documentation:**
- **Maintain Records:** Keep detailed records of all payments and outstanding amounts for reconciliation and compliance purposes.
### 3. **Post-GST Compliance**
For periods post-GST, service tax is replaced by GST. Ensure you:
1. **File GST Returns:**
- **Use GST Portal:** File GST returns (e.g., GSTR-1, GSTR-3B) as per the GST regulations. Service tax issues should be handled under the GST framework.
2. **Reconcile and Transition:**
- **Transition from Service Tax:** Ensure all service tax-related credits and payments are properly transitioned to GST, and reconcile any outstanding service tax liabilities before the GST regime starts.
3. **Consultation:**
- **Seek Professional Advice:** If you encounter complexities or discrepancies in handling the transition from service tax to GST, consider consulting a tax professional or accountant.
### 4. **Example Scenario**
**Example Entry in ST-3 Form:**
- **Total Service Tax Payable:** Rs. 100
- **Service Tax Paid:** Rs. 70
- **Outstanding Balance:** Rs. 30
This balance should be carried forward to the next period's return and managed according to the pre-GST regulations.
**For GST Compliance:**
- **Ensure Accurate GST Reporting:** For post-GST periods, focus on accurate GST reporting and compliance. No service tax reporting is required for periods after the GST implementation date.
By adhering to these guidelines, you will ensure that service tax payable amounts are accurately reported and managed in compliance with the applicable regulations.
The process of showing service tax payable but not paid in the return has evolved with changes in GST and the phase-out of service tax. Here’s a detailed guide on how to manage service tax payable in returns:
### 1. **Understanding the Changes**
1. **Service Tax Phase-Out:**
- **GST Implementation:** Since the implementation of GST on July 1, 2017, service tax has been subsumed under GST. For periods before GST came into effect, you would still need to file service tax returns, but post-GST, you should be filing GST returns.
2. **Service Tax Returns:**
- **Pre-GST Returns:** For periods before GST, you must file service tax returns using the prescribed forms (e.g., ST-3).
- **Post-GST Returns:** For periods post-GST, service tax is no longer applicable, and you should focus on GST compliance.
### 2. **Filing Service Tax Returns (Pre-GST)**
For periods before the GST implementation, if you need to show service tax payable but not yet paid, follow these steps:
1. **Using ST-3 Form:**
- **Field 4C (Details of Amount of Service Tax Payable but Not Paid):** This field was used to indicate the amount of service tax payable but not yet paid as of the last day of the period for which the return is filed.
- **Current Scenario:** If you’re filing for a period before GST and this field is missing, ensure you are using the correct version of the ST-3 form. The latest versions should have the correct fields for this purpose.
2. **Handling Payable Amounts:**
- **Payable but Not Paid:** If you have an amount that is payable but not paid, you should list it under the appropriate section in the ST-3 form.
- **Example Entry:** If your service tax payable is Rs. 100 and Rs. 70 is paid, you should:
- **Declare Rs. 100** as the total service tax payable.
- **Declare Rs. 70** as the service tax paid.
- **Show Rs. 30** as the outstanding balance, which is payable.
3. **Documentation:**
- **Maintain Records:** Keep detailed records of all payments and outstanding amounts for reconciliation and compliance purposes.
### 3. **Post-GST Compliance**
For periods post-GST, service tax is replaced by GST. Ensure you:
1. **File GST Returns:**
- **Use GST Portal:** File GST returns (e.g., GSTR-1, GSTR-3B) as per the GST regulations. Service tax issues should be handled under the GST framework.
2. **Reconcile and Transition:**
- **Transition from Service Tax:** Ensure all service tax-related credits and payments are properly transitioned to GST, and reconcile any outstanding service tax liabilities before the GST regime starts.
3. **Consultation:**
- **Seek Professional Advice:** If you encounter complexities or discrepancies in handling the transition from service tax to GST, consider consulting a tax professional or accountant.
### 4. **Example Scenario**
**Example Entry in ST-3 Form:**
- **Total Service Tax Payable:** Rs. 100
- **Service Tax Paid:** Rs. 70
- **Outstanding Balance:** Rs. 30
This balance should be carried forward to the next period's return and managed according to the pre-GST regulations.
**For GST Compliance:**
- **Ensure Accurate GST Reporting:** For post-GST periods, focus on accurate GST reporting and compliance. No service tax reporting is required for periods after the GST implementation date.
By adhering to these guidelines, you will ensure that service tax payable amounts are accurately reported and managed in compliance with the applicable regulations.
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