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: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: VAT Audit :: empanelment :: cpt :: TDS :: Central Excise rule to resale the machines to a new company
 
 
« Service Tax »
 GST Network to begin accepting fresh registrations from June 25
 Indian GST is significantly unique, but is it better?
 GST example of national integration
 6 reasons you need not fear the GST regime
 Tax return filing extension on GST may not be enough
 GST: ‘Tech readiness, tax administration key challenges’
 GST return filing rules relaxed for Jul-Aug, July 1 rollout
 GST Council gives return filing breather to India Inc for 2 months
 All eyes on 18 June as GST Council meets to iron out niggling issues
 GST Council's June18 meet to finalise e-way bill, anti-profiteering rules
 Valuation of Tax liabilities Under GST Regime

Online payment of service tax of over
April, 06th 2010

The Central Board of Excise and Customs (CBEC) has made it mandatory for assessees who have paid Rs 10 lakh or more as service tax for 2008-09 to file returns electronically through internet banking from this year.

Notifications issued by the government also specify the same for central excise duty paid to mandatorily file returns electronically. In both cases, Rs 10 lakh or more include the amount paid by utilisation of Cenvat credit.

While returns for central excise cannot be revised once filed, contents of service tax could be amended once within 90 days of filing returns.

Besides, CBEC has automated almost an entire range of services in indirect tax. For electronic filing, it has devised new software called Automation of Central Excise and Service Tax (ACES) with connectivity in 104 commissionerates. It could be used for electronic filing of central excise and service tax from April 1.

Under ACES, several processes of central excise and service tax payments have been automated. These include registration of assessees, refunds, filing of returns, accounting, disputes resolution, audit, provisional assessment, exports, claims, intimations and permission to assessees. Officials said such automation will not only reduce physical interface and save time both for the department and the assessee, but also facilitate online tracking of the status of the selected documents, online viewing and internal messaging.

CBEC soon proposes to set up ACES certified facilitation centres (CFCs) with the help of professional bodies like Institute of Chartered Accountants of India, Institute of Cost and Works Accountants of India, etc. These CFCs will provide a host of services such as digitisation of paper documents like returns and uploading the same to ACES. The assessees will, however, have to pay for such services. CBEC will approve the maximum rates at which CFCs can charge their customers.

In order to avail of such services, the assessees can choose one of the CFCs approved by the department to act on its behalf. However, it has been clarified that an assessee will be held liable for all actions of CFCs during the period they are authorised to work in ACES.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

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