ST - 3

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 April 2011 We have register with service tax authority but we haven’t cross ST turnover Rs 12,000,00/- also we have not charge ant ST to our client in above situation we liable to pay ST and can we file the ST 3 OR not if yes which amount I have to show in st - 3 becoz we not receive any st from client

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

23 April 2011 Threshold limit for exemption is Rs. 10,00,000/-. If registration is taken, ST-3 has to be filed regularly irrespective of the bill amount/ received amount.

CA. Krishna K Neeraj

CA. Krishna K Neeraj (Expert)

25 April 2011 If you have crossed exemption limit of ` 10,00,000/- , service tax will required to be paid. The amount received will be treated as inclusive of taxes since no separate service tax is charged. Accordingly, service tax will required to be paid before filing of service tax return.

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