Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT Audit :: cpt :: form 3cd :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: TDS :: VAT RATES :: list of goods taxed at 4% :: due date for vat payment
 
 
« Service Tax »
 Revised GST legislation may pinch working capital of industries
 GST to result in price reduction for consumers: Hasmukh Adhia
 Bill gives free hand to CAG to audit GST operation
 Lok Sabha to discuss GST bills on Wednesday
 GST to strengthen organised logistics companies
 No need for Parliament nod to waive property tax in Delhi
 CBEC to be renamed, reorganised for GST regime
  GST debate now continues on categorisation of products
 GST coming soon, but don’t expect quick benefits; rich valuation to stall stocks
 FM Arun Jaitley underlines urgency to pass GST bills in this Parliament session
 Government may table 4 GST bills in Parliament today

Government extends service tax return deadline by a month
October, 22nd 2012

The Revenue Department has extended the deadline by one month to November 25 for filing of service tax returns for the April-June quarter, as it has not been able to provide electronic return form in time.

The earlier last date to file the return was October 25. The Central Board of Excise and Customs (CBEC) said the extension of date is due to "circumstances of a special nature" as the ACES (Automation of Central Excise and Service Tax) will start releasing the return in 'Form ST3' in a quarterly format, shortly before the due date of October 25.

"This will result in all the assessees attempting to file their returns in a short time period, which may result in problems in the computer network and delay and inconvenience," it said.

As per the Service Tax Rules, the half yearly return is to be filed by October 25, 2012.

However, with the government's decision to tax all services expect those in the 'negative list' from July 1, the CBEC amended the rules and decided that the Form ST-3 required to be submitted by October 25, 2012, "shall cover the period between April 1 to June 30, 2012 only".

Assessees will have to provide data for the second quarter in a revised format. "The revised format of the return and the last date for filing it will be indicated separately," CBEC said.

The government aims to collect Rs 1.24 lakh crore from service tax this fiscal as against Rs 95,000 crore in 2011-12.

The service tax collection was Rs 60,000 crore during April-September period.

Service tax has also been imposed on railways from October 1.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions