Service tax reversal charge mechanism
This query is : Resolved
16 October 2015
Dear Sir/Madam
We are paying service tax under reversal charge on services of advocate, supply of manpower etc.In this case we are service receiver.As per Rule 7 of Point of Taxation Rules,2011 The point of taxation in respect of persons required to pay tax as recipient of service shall be the date on which payment is made provided payment of invoice is made by the service recipient within 3 months from date of invoice.
So we are paying service tax on when we made payment.
Our question is related to service tax payment rate as well as service tax return filing.
1. how to make payment if invoice generated in the month of april 15 and on that time rate was 12.36% but payment made in june 15 and on that time rate was 14%. so which rate is applicable in that case?
2.How to enter data in service tax return if payment is made in june 15 at the rate 12.36% which is invoice was created on May 15 then this assessable value where we enter in ST3?
Please guide us on above issue.
Thanks & regards
latika
We are paying service tax under reversal charge on services of advocate, supply of manpower etc.In this case we are service receiver.As per Rule 7 of Point of Taxation Rules,2011 The point of taxation in respect of persons required to pay tax as recipient of service shall be the date on which payment is made provided payment of invoice is made by the service recipient within 3 months from date of invoice.
So we are paying service tax on when we made payment.
Our question is related to service tax payment rate as well as service tax return filing.
1. how to make payment if invoice generated in the month of april 15 and on that time rate was 12.36% but payment made in june 15 and on that time rate was 14%. so which rate is applicable in that case?
2.How to enter data in service tax return if payment is made in june 15 at the rate 12.36% which is invoice was created on May 15 then this assessable value where we enter in ST3?
Please guide us on above issue.
Thanks & regards
latika
17 October 2015
1 In this case 12.26% is applicable.
2 Add a row and enter separate details for 12.36 and 14%.
2 Add a row and enter separate details for 12.36 and 14%.
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