26 October 2016
Mr. A an Individual is an Electrical Contractor and is providing works contracts services he raises the bill by charging 6% as Service Tax for eg: Value of Services RS. 100000 VAT @ 8% 8000 Service tAx @ 6% 6000 Total RS. 114000 he has paid Rs. 6000 as service tax but now how to present this in ST 3 whether we should select exemption or Abatment in ST3 Payable Service Sheet and which notification no. will be aplicable kindly help how to file st3
28 October 2016
At present the rate of service tax is 14% plus .05% SBC and .05% is KKC. totalling 15%. The service provider of WC is therefore liable to 50% of this 15% that is 7.5% since he is an individual and he must be supplying service to a company.Morover VAT will not be treated as service value. as service.Therefore in this case he is liable to pay Rs 7500 as service tax taking all the three names together.In the STR3 there is a column for such part payment and the relevant notificatiis no should be 26/2012 0r 30/2012 (Pl.see notification related to reverse charge).hope it is clear.sagar mal pareek
CAclubindia
