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TMI BlogPreparation of ST-3X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... free of cost) on which we have paid service tax - Reply By Radha Arun - The Reply = 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. - Reply By pradeep khatri - The Reply = I am in agreement wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h 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. - Reply By jaspal Negi - The Reply = 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 PAI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... D 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) - Preparation of ST-3 - Query Started By: - pardeep bisht Dated:- 29-6-2011 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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