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Reverse charge mechanism
I am a service provider. one of my service comes under complete reverse charge mechanism.
whether it is to be shown in ST-3 Filed by me if yes where to show such amount as there is no tax on it???
Replies (3)
Dear Mr. Nikhil,
- While filing ST-3 return, select that service also.
- In the Payable sheet, make 'Exempted service' as 'Yes'.
- Select Notification no. 30/2012-ST dated 20.06.2012 for exemption.
- In the Payable sheet, show the amount in the columns "Gross Amount" as well as "Amount towards provision of exempted service."
- As a result of above, 'Net Taxable Value' is zero. Enter service tax and Swachh Bharat cess rates.
Hope it clears your doubt!
Sir,
Is it compulsory to take registration for service under complete reverse cahrge mechanism???
As Section 69 the act says "Every person LIABLE TO PAY THE SERVICE TAX shall take the registration"
As Section 69 the act says "Every person LIABLE TO PAY THE SERVICE TAX shall take the registration". If his taxable value exceeds Rs. 9 Lacs.
Value of service provided under RCM will not be counted for above 9 lacs. So if provided service comes under RCM, there is no need to take the registration.
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