Work contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
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.
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.
30 January 2016
Gross amount -1,000 to show in column B1.1 and B1.7.
600 - to show in column B1.11 and B1.13
600 - to show in column B1.11 and B1.13
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR7 VS GSTR3B
- Clarification on Monthly Reset of Invoice Serial Numbers under GST
- RENTAL INCOME-GST
- Share in property
- Strange tax problem
- When GST Audit required
- Charity and RCM
- GST Registration in two different states is required or not
- Long term capital gain exemption on sale of mutual funds
- TCS on travel expesnes
- Non inclusion of GSTN number of recipient of goods in tax invoice
- Head office to Branch
- E-Way bill for Ex works & FOB
- High Sea Sales GSTR & e invoice
- Eway issued more than one
- Regarding digital certificate on sales invoice
- Retirement Investment Advice
- Optimum Salary Structure
- Query on INC 34
- Form 67 FTC
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
