Service tax liability and filing of st-3
This query is : Resolved
ASHISH SHAH
(Querist)
06 January 2015
I am a Technical engineer working with one company on a cosultant basis. I have been raising bill
on regular basis i.e monthly to the company against my service for the F/y 1415
and my turnover
in the last F/y was less than 50 Lacs. But the company has made payment of bills for the month of
April to September on 10.10.2014. Now please explain me when shall my service deemed to be
provided and on which date I have to deposit the amount of service tax to government.Moreover,
shall my ST3
return will be nill for the first half year if I am deemed to have been provided the
above service on 10.10.2014.Please explain with facts and figures of Finance Act.
on regular basis i.e monthly to the company against my service for the F/y 1415
and my turnover
in the last F/y was less than 50 Lacs. But the company has made payment of bills for the month of
April to September on 10.10.2014. Now please explain me when shall my service deemed to be
provided and on which date I have to deposit the amount of service tax to government.Moreover,
shall my ST3
return will be nill for the first half year if I am deemed to have been provided the
above service on 10.10.2014.Please explain with facts and figures of Finance Act.
CA Robin Betala
(Expert)
06 January 2015
In your case as your firm is proprietorship (assumed) and your turnover is less then 50 Lacs your have the privileged to pay tax on cash basis and you would be liable to pay tax on end of oct to dec quarter and will be paid till 06/01/2015.
And your return will be nil for first half if you not received any payment of current or previous year services till half year ending sept 2014 as per my opinion.
And your return will be nil for first half if you not received any payment of current or previous year services till half year ending sept 2014 as per my opinion.
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