service tax return

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..... service tax return
Query (Issue) Started By: - shanky Budhiraja Dated:- 21-10-2010 Last Reply Date:- 3-12-2010 Service Tax
Got 2 Replies
Service Tax
service tax liability arises when service tax payment recd correct I have recd gross amount but service tax amount not recd now my liability not arised correct . but now Q is in return how should i show it Plz explain me by e.g and al .....

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..... so specify the what column of return fill or not to fill Plz guide me so urgent I wil be very thank ful to you Reply By CA Rachit Agarwal: The Reply: Even if the service tax amount not received, the Service Tax payment liability arises. Refer Section 67(2), for the purpose of Valuation of Taxable Services, where the Gross amount received- Value of Taxable Services in this case will be equal .....

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..... to gross amount received divided by 110.30% if the service tax charges is @ 10.30%. Now Service Tax amount can be calculated as Value of taxable services multiplied by the Service Tax Rates as applicable/charged. Reply By rishi mohan: The Reply: Sir, Service tax liability arises either you receive the part or the full payment. If the part amount is received in respect of taxable services, you .....

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..... need to pay tax on the gross amount received on the prportionate basis. Calculation of service tax can be made as follows:- Service tax = Gross amoun received*10.30/110.30. After deposition of the service tax, the same shall be shown in the service tax return.
Discussion Forum - Knowledge Sharing .....

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