30 January 2016
Dear Sir, Suppose gross amount is Rs. 1000/- and service tax charged on 40% of gross value - 400*14%= Rs. 56.00. Now we have collected Rs. 28/- from customer under RCM. Now I want to ask that which way is correct for filing st-3
1. Gross amount 400/- service tax 7% tax value Rs. 28/- 2. Gross amount 1000/- now which abetment or exemption I should claim to get deducton of Rs. 600/- from gross amount? Please advise me. Its urgent.