Service tax paid against advance receipt

Queries 3411 views 3 replies

Anand Sanga

Accounts Executive

92 Points Joined April 2009

I have doubt about showing the Service Tax Paid on Advance Receipts. Please anyboy help on how to show the amounts in ST3 Returns, below is the example.

Service Tax Paid in April on Gross Amount Rs.110 (Breakup Rs.100 against billing and Rs.10 against Advance Receipts)

Service Tax Paid in May on Gross Amount Rs.120 (Breakup Rs.130 against billing Less: Rs.10 Service Tax paid against Advance)

In ST-3 Return

In April - B1.1 - Gross Amount - Rs.100

B1.2 - Amount received in Advance - Rs.10

In May - B1.1 - Gross Amount - Rs.130

Now, where I have to show the adjusted advance amount Rs.10.

Replies (3)

Maitri Thakkar

Article Assistant

34 Points Joined October 2014

As you have already paid service tax on rs. 10 in month April and said amount has been shown as advance in April, the same need not required to be shown in the month of May in gross amount and it should be only the amount which has been received in the month of May i.e. it should be rs. 120 in your example