Hi All,
This is regarding the ST-3 return. Since the service tax rate has been changed, i wanted to know that do i need to show the differential service tax liability amount pertaining to March 2015 Income provision which i already had shown in the ST-3 return for the period Oct 2014 - Mar 2015.
For example,
I made the Income provision of Rs.100000/- and paid the service tax @ 12.36% of Rs.12360/- accordingly on 31.03.15.
Now i raised the actual Income invoice to the vendor in the month of july 2015 of Rs.100000/- and charged service tax @ 14% on that. Since i paid the service tax @ 12.36% on Rs.100000/- on 31.03.15, hence i paid the differential service tax amount of Rs.1640/- in the month of july 2015.
There is no income reflected in the profit and loss account. Because it was a provision of March 2015. But there was a additional Service tax which i had paid.
So, do i need to show this additional amount in ST-3 return for the period Apr-Sep 2015.if yes, then please suggest me that where and how do i need to show the figures.
Many thanks in advance
Shib
CAclubindia
