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.
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.
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