How to file service tax return with good example

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chidananda (Querist)
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27 May 2015 Any one can help me how to file service tax return with example, if any one explain means I ll get a good job my postion is very bad please send me with workings in excel sheet to chidanandckm@gmail.com
Its my humble request

chidananda

chidananda (Querist)
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27 May 2015 Its urgent

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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28 July 2024 Certainly! Here's a comprehensive guide on how to file a Service Tax Return with an example. Since you requested an example and Excel workings, I'll provide a step-by-step approach. While I can't send emails, you can use the information below to guide you through the process.

### **How to File a Service Tax Return: Step-by-Step Guide**

#### **1. Gather Required Information**

Before you start filing, ensure you have the following:

- **Service Tax Registration Number**
- **Details of all taxable services provided**
- **Details of service tax collected and paid**
- **Details of input service tax credit claimed**

#### **2. Choose the Appropriate Form**

- **ST-3**: This is the form used to file the Service Tax Return. The form is divided into different sections to capture different types of details.

#### **3. Access the Online Portal**

- Visit the [GST Portal](https://www.gst.gov.in/). (Note: Service Tax is now part of GST, so this is the main portal for filing returns.)

#### **4. Fill Out the ST-3 Form**

Here’s a detailed example of filling out the ST-3 form:

##### **Example Scenario**

- **Company**: ABC Pvt Ltd
- **Service Provided**: Consulting Services
- **Service Tax Rate**: 15%
- **Taxable Value of Services Provided**: ₹1,00,000
- **Service Tax Collected**: ₹15,000
- **Input Service Tax Credit Claimed**: ₹2,000

##### **Steps to Fill ST-3 Form**

1. **Login**:
- Log in to the GST Portal with your credentials.

2. **Navigate to the Return Filing Section**:
- Go to the "Services" tab.
- Select "Returns" from the drop-down menu.
- Choose "Service Tax" and then "ST-3".

3. **Enter Basic Information**:
- **PAN**: Enter your PAN number.
- **Service Tax Registration Number**: Enter your Service Tax Registration Number.

4. **Fill in Details for Taxable Services Provided**:

**Part A - Basic Details**:
- **Name of the Assessee**: ABC Pvt Ltd
- **Service Tax Registration Number**: [Enter Number]
- **Period of Return**: April to September (or as applicable)

**Part B - Details of Taxable Services**:
- **Taxable Value**: ₹1,00,000
- **Service Tax Rate**: 15%
- **Service Tax Collected**: ₹15,000

5. **Input Service Tax Credit (ISD Credit)**:

**Part C - Details of Input Service Tax Credit**:
- **Input Service Tax Credit Claimed**: ₹2,000

6. **Details of Payments Made**:

**Part D - Details of Payments**:
- **Total Service Tax Payable**: ₹15,000
- **Service Tax Paid**: ₹15,000 (or as applicable)

7. **Verify and Submit**:
- **Check all details** to ensure accuracy.
- **Submit the form** and make the payment if required.
- **Save the acknowledgment** for your records.

### **Example Excel Calculation**

Here’s a simple Excel template you can use to calculate and track your Service Tax:

| **Description** | **Amount (₹)** |
|---------------------------------|----------------|
| Taxable Value of Services Provided | 1,00,000 |
| Service Tax Rate | 15% |
| Service Tax Collected | =B2*B3 (15,000)|
| Input Service Tax Credit Claimed | 2,000 |
| Total Service Tax Payable | 15,000 |
| Service Tax Paid | 15,000 |

**Excel Formulas**:
- **Service Tax Collected**: `=B2*B3`
- **Total Service Tax Payable**: Same as Service Tax Collected if no adjustments.
- **Service Tax Paid**: Enter manually based on payment made.

### **Additional Notes**

- **Documentation**: Ensure all invoices, challans, and payment receipts are well-documented and available in case of audits.
- **Filing Frequency**: Service Tax returns are generally filed bi-annually.

### **Resources**

For detailed instructions and the latest forms, refer to the [GST Portal](https://www.gst.gov.in/) and consult with a tax professional if needed.

This guide should help you understand the process of filing a Service Tax return. Adjust the example to fit your specific case, and ensure compliance with current regulations and forms.

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