Service tax collected forms part of gross receipts?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2012 dear all,
plz clarify my doubt regarding an issue:

service provided entry made:
xyz ltd DR --sundry debtor
to hire charges --direct income
to service tax (12.36%)--current liability

now while filling ROI whether service tax collected & deposited with govt forms part of gross receipts according to sec 145A of I.T.Act?
Or only hire charges forms part of gross receipts and S.Tax will be shown as current liability in ROI?

plz urgent

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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28 November 2012 Service tax shall form part of gross receipts. Deduction shall be allowed for payment of service tax.

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2012 can you please elaborate it through an example??
and whether this will be done for VAT collected also?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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05 December 2012 Service Charges Rs. 1,00,000
Add: Service Tax 12,360
Total 1,12,360

Gross receipt Rs. 1,12,360
Deduction Rs. 12,360 (subject to Section 43B)

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