Advance Payment to Works Contract in ST-3, Service Tax

[ANIL MANTRI]

Sir, the company had made advance payment of ₹ 20 lac for a works contract, and till 31/03/15 work of ₹ 14 lac is completed and bill are received for the same. Sir how to show this in ST-3. The company had paid service tax under reverse charge on ₹ 20 Lac

Posts / Replies

[PAWAN KUMAR]

Dear Sir,

As per my view, you have paid service tax in advance and adjusted some of the tax. you can mention the same in the section provided for advance tax payment of ST-3.