Clarification in respect of biling of chartered accountants in ST-3, Service Tax

[s k dalmia]

In case of chartered accountants, they maintain their books of accounts on cash basis and pay the service tax on receipts basis. The billing raised by them on their clients do not appear in their regular main books of accounts- It appears only in a memorandum account outside the main financial books. Under such circumstances, how far is it necessary for them to show the Billing raised in the revised format of ST-3 Could u pl clarify? Thanks

Posts / Replies

[Surender Gupta]

For the purpose of service tax the method of accounting is not relevant. To overcome this difficulty, service tax rules itself has been amended that bill / inovice shall be issued within 14 days. Therefore, without linking the details required in the ST-3 form with the account books, you have to comply with the statutory requirements.