St return

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Avinash Tripathi

CONSULTANT

111 Points Posted on 26 October 2015

hello, my question is- i have a client who is providing gta service. he is payaing servive tax on receipt basis as his previous year receipts is less than 50 lak ( new business). In the service tax return the column where it ask amt taxable on receipt basis what amt should i enter? the amt actually received in bank or amt net of service tax?

Replies (3)

satya

Executive Excise

1312 Points Posted on 27 October 2015

Dear Avinash,

Your question is not proper clarity, because for GTA service, receipient should bear ST under "RCM".

secondly, now ST3 return is for APR15-SEP15 where as you are saying previous year receipts etc.

pl clarify

Avinash Tripathi

CONSULTANT

111 Points Posted on 27 October 2015

Dear sathy, Thanks for your reply By writing previous year receipt less than 50 lak i meant the prov of rule 6(1) of service tax payment that allows an assessee to pay service tax on receipt basis. He has started the business in fy 2015-16. And for the first part of your reply Although gta services are in reverse charge but its only when the service is provided to specified persons. But the assessee hear have also provided service to some non specified persons. So for that service i am aksing.

Harshal Fifadra

Chartered Accountant

1249 Points Posted on 28 October 2015

In case of provision of services by GTA to non specified persons, it is the service provider i.e. the GTA itselfwho is liable to make the service tax payment. In the ST 3 return, the gross amount of basic freight which is received by the GTA from that non specified person needs to be disclosed.