Service tax return

Queries 388 views 5 replies

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

 

Replies (5)

Rule 7B allows an assessee to rectify mistakes and file revised return within 90 days from the date of filing of the original return.

Thank you for your reply.. i just edited my query.. hope it will give more insight about my query,so that you can help me with your valuable suggetions.

I agree with Mr. Rama Chary

All Experts,

I am also facing the same problem, I have received advance amount in March 2015 on which Service Tax @ 12.36% is collected and remitted to Government. The party is issued with a Advance Receipt Cum Challan. 

The service against this advance was provided in June 2015, also the invoice was issued in June 2015. Hence the differential Service Tax @ 1.64% (14 - 12.36) was collected and remitted to Government.

While filing ST 3 where can I incorporate this information? Kindly advice, Thanks 

Sir,

Here I attach a web article which clearly narrates the situation. I am facing the same situation. I mailed and phoned to ACES helpdesk, but they are not giving a proper solution, If anyone has any possible solution for this issue, kindly share. Thanks.


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