Preparation of ST-3, Service Tax

[pardeep bisht]

Respected Sir,

Please clarify that under work contract composition scheme (Period 2010-11) service receiver make payment tentatively to service provider for work executed and party raised invoice for service tax at value of work executed plus material value.

Now please advise that how we have to make service tax return that what value we have to show in return and what about cost of material (free of cost) on which we have paid service tax

Posts / Replies

[Radha Arun]

Amount received in advance is to be shown in column 3F(a)(ii) of ST-3.

Free material could be either shown as consideration in kind, in column 3F(II)(k) or the tax paid on it can be shown in the residual category in 4A (d)(viii) of the ST-3 return.

[pradeep khatri]

I am in agreement with the reply of 'Radha Arun'.  On preparation of ST-3 return, the Revenue Department has launched the Return Preparer Scheme.  Further, you can seek the help of service tax Department.

[jaspal Negi]

IF SERVICE PAID AT THE NORMAL RATE I.E. 10.3% AFTER BIFURCATING THE VALUE OF MATERIAL AND VALUE OF SERVICE

IT SHOULD BE IN THE NORMAL RATE SERVICE COLUMN

IF THE SERVICE PAID ON THE TOTAL AMOUNT @ 4.13%  IS SHOULD BE ADDED IN OTHER COLUMN  SHOWN IN THE RETURN (TOTAL VALUE OF SERVICE AND THE VALUE OF MATERIAL)