Service tax on preparation

Queries 972 views 3 replies

dinesh

Accountant

52 Points Joined August 2010

Please give your help on below mentioned queries:

1. In my return Transport of Goods by Road I would like to know wheather I should indicate amount below than 750/- which is exempt under notification 13/2008 in column where Gross amount for which bills/ invoices/ challans are issued relating to service received/ to be received (including export of service and exempted service) to be shown or not.

2. As well as I have deposited 10300/- for my service tax liability on account basis, while actual liability is only 6521/- where should I mention that excess amount.

Waiting for your answers,

Thanks in advance.

please give your help on below mentioned queries: 1. In my return Transport of Goods by Road I would like to know wheather I should indicate amount below than 750/- which is exempt under notification 13/2008 in column where Gross amount for which bills/ invoices/ challans are issued relating to service received/ to be received (including export of service and exempted service) to be shown or not. 2. As well as I have deposited 10300/- for my service tax liability on account basis, while actual liability is only 6521/- where should I mention that excess amount. Waiting for your answers, Thanks in advance.

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Replies (3)

CA Venkatprasad Pasupuleti

2778 Points Joined August 2011

Dear Dinesh,

1. Exempted amounts has to be included in the gross amount charged [i.e.Row (j) ]since it includes charged for exempted services also. however, the same should be indicated in Row(l) to claim it as exemption.

2. Amount deposited (i.e. 10,300/-) has to be shown in "Advance payment" sheet and Actually liability need to be shown in "Paid service" i.e. tax paid by adjustment under rule 6(1A).

CA Sahil Singla..

Service Tax

3746 Points Joined August 2008

I don's Agree

You need not show the value of service amounting to less than Rs. 750. The service is taxable not exempted. The notification is 25/2012 & not 13/2008

CA Venkatprasad Pasupuleti

2778 Points Joined August 2011

The exemption is under Notification No.13/2008. Notification No.25/2012 is applicable from 01.07.2012, filling of return for that period (Jul-Sep'12) is not required as on date. further, under later notification also it is exempted.