I own a single proprietorship company providing employee pick up and drop service and all my customers are corporates. To my understanding all my turnover will come under reverse mechanism (with abatement). Kindly let me know if I should show the abatement value and servie tax payable in my invoice and also let me know how this should be shown in ST1 return.
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Service tax return for reverse charge
Replies (4)
This is under Cab Operator Services. In case you are taking abatement, then 100% liability is on the corporates to whom you are providing services. Hence, you cannot charge the same on your bill and the onus of paying service tax would be on the recipient.
Regards
Prateek
Since you are a proprietorship concern, the corporates who are your clients shall be laible to pay service tax under RCM. Hence, you cannot charge service tax on your bill. The bill should show full amount without abatement. Regarding ST1, the dept is yet to launch the new format.
| Originally posted by : Priyanka Maheshwari | ||
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Since you are a proprietorship concern, the corporates who are your clients shall be laible to pay service tax under RCM. Hence, you cannot charge service tax on your bill. The bill should show full amount without abatement. Regarding ST1, the dept is yet to launch the new format. |
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Please let me know how this should me shown in ST3 return (I made a mistake by typing it as ST1 earlier).
The new format for ST3 incorporating reverse charge has also not yet been released by the dept yet
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