St 3 return - query

This query is : Resolved

shweta (Querist)
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29 November 2011 From 1.7.11 , Service tax payment is on basis of bills raised i.e. on mercantile basis.

this means service tax on bills raised in a month will be paid till 5th of next month.

But in ST 3 Return, how to show service tax liability on mercantile basis, as Return calculates service tax payable on basis of amount received in a month , & not on basis of bills raised

Thanks in advance....

Aditya Maheshwari

Aditya Maheshwari (Expert)
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29 November 2011 see this link
http://servicetax.gov.in/st-notfns-home.htm
and see notification no. Notification No. 48/2011 – Service Tax

“(iv) 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”.

so u can put in row II in advance for service to be provided