Help me fill out a NIL ST3 Rental Property

Service Tax (Legacy) 843 views 1 replies

Hi,

Could someone help me fill out Half yearly ST3  NIL return for immovable property. We did not exceed 10 lacs limit.

C1.Has the assessee availed benefit of any exemption notification (Y/N) ?

C2. If reply to column C1 is yes please furnish notificaiton Nos. ?

Do I need to fill out  amounts in these columns?

F (1) Service tax payable, against service provided etc, even though income did not cross 10 lacs?

Also we have paid for the first 2 quarters in anticipation that the tenant would continue. But he vacated in Sept 09. 

Thanks for all your help

Replies (1)

The answers should be as follows :

C1.Has the assessee availed benefit of any exemption notification (Y/N) ?

N

C2. If reply to column C1 is yes please furnish notificaiton Nos. ?

NA

Do I need to fill out  amounts in these columns?

F (1) Service tax payable, against service provided etc, even though income did not cross 10 lacs?

Enter the amount at the rate of 10.3% on total rent received. Remember that 10.3% should be calculated on the rental amount (without TDS deduction)

Also we have paid for the first 2 quarters in anticipation that the tenant would continue. But he vacated in Sept 09. 

The excess amount can either be adjusted in the next quarter or month depending on whether the rental service is being provided by individual/company, but only upto a limit of 1,00,000.

 

Since you can't adjust it, you can file a refund claim under section 11B of the Central Excise Act.


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