18 October 2015
One of my client being a partnership Firm is covered under ST Net so far its taxable services being Manpower Supply Agency Services is concerned.Till 31.03.2015 the same services is covered under Partial reverse charge i.e. 25% ST Liability is to be paid by service provider & balance 75% is to be paid by Service Recipient being a Pvt Ltd.Co. Now w.e.f.01.04.2015 the entire ST Liability on the said services is to be borne by Service Recipient i.e. covered under Full Charge by the recipient.
Now query comes whether still as service provider being PF is supposed to be filed ST-3 return for the Ist Half ended 30.09.2015. If yes then how to show such transactions in the said return i.e. by showing full value of taxable services under column No. B 1.1 & the same is to be reduced as exempted value under column No B 1.9 in excel utility of ST-3 by availing of Exemption Notification No 30/2012 S.N.8 in Column No.A 11.1 as service provider under 68 (1) by taking option as yes from drop box.
19 October 2015
The service provider are exempt after amendment of this notification no. 30/2012-ST. so, only service recipient are liable to pay service tax.
CAclubindia
