sheetal (CA) (105 Points)
17 April 2009If on Rs. 1000 service tax is levied at 12.36% then sales bill amt is rs 1123.6. If entire amt is received then what should be written in the cloumns of service tax return ?
1) Gross Amt recd ??? weather 1000 or 1123.6
2) Taxable value on which service tax is payable rs 1000
3) service tax 123.6
Pl clarify
Naveen Chand Khulve
(CA)
(1521 Points)
Replied 17 April 2009
| Originally posted by :sheetal | ||
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If on Rs. 1000 service tax is levied at 12.36% then sales bill amt is rs 1123.6. If entire amt is received then what should be written in the cloumns of service tax return ?
In ST 3 You will write Rs 1000 as Gross Amount Recd. Further Rs 1123.6 as Taxable value and Break up of Service Tax as Basic, Education Cess & Higher Education Cess.
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Sameer
(.)
(252 Points)
Replied 18 April 2009
No, I do not agree with Naveen.
For the purpose of filing service tax return, gross amount received would be 1000/-
Taxable value would also be Rs. 1000/-
break up for above shall be given as Value @ 5 % @ 12 % etc. at column no.3 (I) f
Please ref. instructions for filing the Form ST-3 at (cbec.gov.in)\Service Tax\Forms\ST-3\Instruc tions\ B. 3F (I) (a) (i)
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