Service tax calculation query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 April 2012
Dear Sir,
I have done Service tax payment on 30.03.2012 for the period of Oct-Mar on tentative figure of Rs. 1,96,740/- including interest but I have forgot to bifurcate interest amount and done payment. On 24/04/2012 I have done another payment for the same period but on final figure after deducting above amount of Rs 1,40,952/- including interest. Now, after filing the returns the difference come of Rs. 3597/- i.e. as per calculation we have paid excess payment. Now how shud I show dis in form st-3? The invoice raised on which Service Tax tentative is calculated is Rs 18,75,177/- and of Final Figure is 31,91,170/-. Pls help me its urgent as I have file revised return.
I have done Service tax payment on 30.03.2012 for the period of Oct-Mar on tentative figure of Rs. 1,96,740/- including interest but I have forgot to bifurcate interest amount and done payment. On 24/04/2012 I have done another payment for the same period but on final figure after deducting above amount of Rs 1,40,952/- including interest. Now, after filing the returns the difference come of Rs. 3597/- i.e. as per calculation we have paid excess payment. Now how shud I show dis in form st-3? The invoice raised on which Service Tax tentative is calculated is Rs 18,75,177/- and of Final Figure is 31,91,170/-. Pls help me its urgent as I have file revised return.
05 May 2012
As I understand on tentative figure of Rs. 1875177/- total amount of service tax comes at 10.3% as Rs. 193143. You have paid Rs. 196740. Difference is that of Rs. 3597 which is on account of interest.
SO there is no excess payment the difference is for interest amount. In service tax payment column you have to show only Rs. 19143 out of Rs. 196740, balance Rs. 3597 has to be shown in the column of interest.
Further as regards to payment of Rs. 140952 it includes service tax component for Rs. 1315993 X 10.30%= Rs. 135547 and balance pertains to interest for Rs. 5405.
SO there is no excess payment the difference is for interest amount. In service tax payment column you have to show only Rs. 19143 out of Rs. 196740, balance Rs. 3597 has to be shown in the column of interest.
Further as regards to payment of Rs. 140952 it includes service tax component for Rs. 1315993 X 10.30%= Rs. 135547 and balance pertains to interest for Rs. 5405.
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