Service tax return calrification [Resolved]

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 August 2011 If anyone provide service in the month of June but bill raisd date is july.In which month we have to show billing value service tax return, in June or July ?

CA Anjali Aswal

CA Anjali Aswal (Expert)

31 August 2011 As per Service Tax Rules bill must be raised within 14 days of providing the service. If advance has been received in the month of june it should be entered in the month of June but if not than in the month of billing. But make sure that the bill is raised within 14 days.

Querist : Anonymous

Querist : Anonymous (Querist)

31 August 2011 If bill raised within 14 days from the date of service rendered,e.g

Service rendered 25/09/2010 Rs 5000/-
Bill Date 05/10/2010 Rs 5000/-
Payment received 10/10/2010 Rs 4000/-

Then we assume 4000 include service tax & calculate tax on that basis,but in Service Tax return we have to specify amount billed ,when it will show in Sep or Oct ?

CA Anjali Aswal

CA Anjali Aswal (Expert)

31 August 2011 It will be shown in October as upto 30th June 2011 service tax was on receipt basis. Therefore only 4000/- will be shown in October month.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

31 August 2011 My observation to the 1st query is as follows:-

In the cited issue, u have an option to consider the service for ST payment either on cash basis or due basis. That is ,u can choose the ST payment upon receipt of the bill amount or can pay ST on 5 th August if u are a corporate assesse or on 5 th October if u are a non corporate assessee.
For full insight, pl see clause 13 of notification 25/2011 dated March 31,2011.

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