Sandeep (Self Employed) (125 Points)
17 October 2011I want some clarification on the ST3 Excel form for Service Tax return filing downloaded from ACES
(I) Service Tax Payable : what details should be given in this part?
(II) Taxable Amount Charged : what details should be given in this?
Aren't they one and the same?
Regards
Sandeep
Poonam Arun Sharma
(student)
(103 Points)
Replied 17 October 2011
Taxable Amt Charged means the amount u charge in the invoice to the person to whom service has been provided. some times if dont dont charge them in the invoice or dont mention it seperately service tax charged is assumed to be included in the gross amt.
Service Tax payable means the tax u r liable to pay on the service amt received.
The Amt of Taxable Amt Charged and Service tax payable may be different.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
