Service tax - urgent

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Querist : Anonymous

Querist : Anonymous (Querist)

20 November 2012 Dear Sir,

I am facing problem as mentioned below In form ST-3 please reply

In form there is column Money Received in which I have entered Rs. 100.00
an other column is Bill raised I have entered Rs. 125.00 now the question is I have raised bills to parties for Rs. 125.00 and money received against this bill Rs. 100.00 and i have deposited service Tax on Rs. 125.00 as per rule of Service Tax. Now when i validate the form it shows difference due to excess paid in respect to money received. Now please tell me how to show.

Viral Vora

Viral Vora (Expert)
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20 November 2012 AS PER NOTIFICATION NO. 48/2011-SERVICE TAX DATED 19.10.2011,FOR THE PURPOSES OF THIS FORM, THE WORDS 'RECEIVED / PAID' USED HEREIN SHALL BE CONSTRUED AS 'RECEIVED OR RECEIVABLE / PAID OR PAYABLE', AS THE CASE MAY BE, IN TERMS OF THE POINT OF TAXATION RULES, 2011.

You have to mention Rs.125 only in the section of Money Received as per above notification. This is mentioned in ST-3 itself.

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