Service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 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

Suresh Ramaswamy

Suresh Ramaswamy (Expert)
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24 April 2016 In the respective Payable Service Sheets you have to fill up the Exemption and Abatement Notification Numbers.

In case of Rent-a-Cab it is Notification No. 30/2012 sl.no. 7(a) and 26/2012 sl.no. 9.

In case of Works Contract the Notification No. 30/2012 sl.no. 9 in both the cases.

Once these details are filled up, the following figures should be filled up:

In B 2.1 to 2.6 actual amounts and in B 2.11 50% of B 2.7 as abatement (in case of Rent - a - Cab Service. Automatically the Net Taxable Value in B 2.14 would be the amount on which Service Tax and SBC would be calculated at 14% and 0.5% respectively.

In B 2.1 to 2.6 actual amounts. In B 2.9 30% of B 2.7 as exemption and in B 2.11 50% of B 2.7 less B 2.9 as abatement (in case of Works Contract Service). Automatically the Net Taxable Value in B 2.14 would be the amount on which Service Tax and SBC would be calculated at 14% and 0.5% respectively.