Filing 1st service tax return

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Querist : Anonymous

Querist : Anonymous (Querist)

18 March 2016 Dear Sir,
This is 1st year in which our total turnover is more then 10 lakh. In April to June total T/o Rs. 3,77,920/- and july to sept T/o Rs. 11,32,004/-. we are liable for exemption under notification no. 033/2012-S.T. in April to June in Row no. B1.1 I written the T/o of Rs. 3,77,920/- in which raw I was written the same amount of Rs. 3,77,920/- after that the Net Taxable Value should be Nil.

Thanks

Nilesh

Nilesh (Expert)

18 March 2016 you are right B 2.9 provide value of exempted servies.. where is the confusion

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Suresh Ramaswamy

Suresh Ramaswamy (Expert)

18 March 2016 Yes you are right - In the column for exemption for April to June you fill in Rs.3,77,920. Net Taxable Value would be 'NIL'. In the column for exemption in July to September you should fill in Rs.6,22,080 and the Net Taxable Value would be Rs.5,09,924 which is the taxable liability for the first ST - 3 Return period.

I think that was your problem while computing the tax liability and paying the same as well as filing ST - 3 Return.

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Querist : Anonymous

Querist : Anonymous (Querist)

18 March 2016 Dear Nileshji,
you means B1.9

Nilesh

Nilesh (Expert)

18 March 2016 Yes it B 1.9... :).....

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