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Query regarding service tax return st3

sheetal (CA) (105 Points)

17 April 2009

If on Rs. 1000 service tax is levied at 12.36% then sales bill amt is rs 1123.6. If entire amt is received then what should be written in the cloumns of service tax return ?

1) Gross Amt recd ??? weather 1000 or 1123.6

2) Taxable value on which service tax is payable rs 1000

3) service tax 123.6

Pl clarify

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2 Replies

Naveen Chand Khulve (CA) (1521 Points)
Replied 17 April 2009

Originally posted by :sheetal

If on Rs. 1000 service tax is levied at 12.36% then sales bill amt is rs 1123.6. If entire amt is received then what should be written in the cloumns of service tax return ?
1) Gross Amt recd ??? weather 1000 or 1123.6
2) Taxable value on which service tax is payable rs 1000
3) service tax 123.6
Pl clarify

In ST 3

You will write Rs 1000 as Gross Amount Recd.

Further Rs 1123.6 as Taxable value

and Break up of Service Tax as Basic, Education Cess & Higher Education Cess.