Query regarding service tax return st3

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

 

Replies (2)
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.


 

"


 

No, I do not agree with Naveen.

For the purpose of filing service tax return, gross amount received would be 1000/-

Taxable value would also be Rs. 1000/-

break up for above shall be given as Value @  5 % @ 12 % etc. at column no.3 (I) f

Please ref. instructions for filing the Form ST-3 at (cbec.gov.in)\Service Tax\Forms\ST-3\Instruc tions\ B. 3F (I) (a) (i)

 

 

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