St 3 return - query
This query is : Resolved
29 November 2011
From 1.7.11 , Service tax payment is on basis of bills raised i.e. on mercantile basis.
this means service tax on bills raised in a month will be paid till 5th of next month.
But in ST 3 Return, how to show service tax liability on mercantile basis, as Return calculates service tax payable on basis of amount received in a month , & not on basis of bills raised
Thanks in advance....
this means service tax on bills raised in a month will be paid till 5th of next month.
But in ST 3 Return, how to show service tax liability on mercantile basis, as Return calculates service tax payable on basis of amount received in a month , & not on basis of bills raised
Thanks in advance....
29 November 2011
see this link
https://servicetax.gov.in/st-notfns-home.htm
and see notification no. Notification No. 48/2011 – Service Tax
“(iv) For the purposes of this Form, the words “received /paid” used herein shall be construed as “received or receivable /paid or payable’, as the case may be, in terms of the Point of Taxation Rules, 2011”.
so u can put in row II in advance for service to be provided
https://servicetax.gov.in/st-notfns-home.htm
and see notification no. Notification No. 48/2011 – Service Tax
“(iv) For the purposes of this Form, the words “received /paid” used herein shall be construed as “received or receivable /paid or payable’, as the case may be, in terms of the Point of Taxation Rules, 2011”.
so u can put in row II in advance for service to be provided
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