Suggested Proforma, of service tax register

 https://www.rushabhinfosoft.com/Webpages/SERVICE%20TAX/SHTML/DIV-III%5CCH-75.htm

Can you pls. reply these qts.
1)Is a ST register supposed to include both the ST collected & paid by a company?
 2)Can the debit balance(ST paid ie excess of ST paid less ST collected) of PY  shown as
 opening balance in CY in a ST Register?
3)Finally, does a ST register show the amount of ST deposited into bank at the end of the month?

thanks  for your help!!

Sure! Here's a clear reply to your questions about the Service Tax (ST) Register:

1) Is a Service Tax Register supposed to include both the Service Tax collected & paid by a company?

Answer:
Yes, a Service Tax Register should record both:

• Service Tax collected on services you provide (output service tax liability).

• Service Tax paid on services you receive (input service tax, which may be eligible for CENVAT credit).

This helps in calculating your net service tax liability (Service Tax collected minus Service Tax paid/credited) to determine the amount payable to the government.

2) Can the debit balance (Service Tax paid i.e. excess of ST paid less ST collected) of Previous Year be shown as opening balance in Current Year in a Service Tax Register?

Answer:
Yes, if your company has a debit balance, meaning the Service Tax paid on inputs exceeds the Service Tax collected on outputs, this excess amount is usually carried forward as an opening balance (unutilized CENVAT credit) in the next financial year.

This balance should be shown as opening credit balance in your Service Tax Register for the Current Year.

3) Does a Service Tax Register show the amount of Service Tax deposited into the bank at the end of the month?

Answer:
Yes, a proper Service Tax Register should include columns to track the amount of Service Tax deposited (paid to the government) each month.

This helps reconcile the tax liability with actual payments and ensures proper documentation for audits.

Summary:

If you want, I can also help draft a sample Service Tax Register incorporating these features.

Hope this helps!