St return on receipt basis to billing basis

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2011 We are paying the service tax on the basis of receipt of service tax from the customer.
and in service tax return also, we are showing the taxable value,which we received (not on the basis of bill raised)

As per new notification applied from july'11,we have to pay the service tax as soon as the bill raise.

Can you please guide me how to show the taxable value in FY 2011-12, 1st half yearly return.

(Example- For the bill raised in the month june'10 of100000/-, i have received the amount in april'11.

In ST 3 of FY 2010-11 (in april'10 to sept'10) we have not shown the same 100000/-.

Now in FY 2011-12,1ST QTR RETURN HOW TO SHOW.

please help me out.

CA Aditya Goel

CA Aditya Goel (Expert)
Follow

29 October 2011 for services rendered before the notification i.e.e july 11 you need to follow the old rule i.e. on receipt basis. for the services rendered after july 11 follow accrual basis.

Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2011 Thanks, Mr. Aditya.
Can you please tell me, whether i have to file two separate return.?

Upgrade to CAclubindia Pro. Subscribe Now!

CA Aditya Goel

CA Aditya Goel (Expert)
Follow

01 November 2011 One return .