« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs  ITR Filing 2026: Section 143(1) Tax Demand Explained Reasons, Solutions, and How to Avoid Penalties & Disputes  ITR Filing 2026: Over 3 Crore Income Tax Returns Filed for AY 2026 27 Income Tax Department Urges Taxpayers to Avoid Last-Minute Rush  ITR Filing 2026: CBDT Upgrades Income Tax Portal Ahead of July 31 Deadline Key Changes Every Taxpayer Should Know  Sold house for ₹1.10 crore, tax computed on ₹1.96 crore? ITAT explains when Section 54 relief is still available  ITR 2026: How Taxpayers Earning 25 Lakh to 1 Crore Can Save Up to 1.5 Lakh Under the New Tax Regime  Old vs New Tax Regime 2026: Which Saves More Tax If You Earn 13 Lakh?   Presumptive Taxation in 2026 Rebate Losses & Deductions Practical Impact of the Income Tax Act 2025  Income Tax Penalties Explained (2026): What Happens If You Under-Report Income or Miss Your ITR Filing «  Tax on import of services... `Less awareness hindering more tax compliance'... » Draft of new service tax form issued October, 09th 2006 The Finance Ministry proposes to revise the service tax return form to make it more assessee-friendly and remove practical difficulties in filing such returns. The Central Board of Excise and Customs (CBEC) has now come up with draft version of the return form (ST-3) and sought views of trade and industry and other stakeholders on the same. The existing form is a common form for service tax, credit for Cenvat and service distributors. It was released in August last year, but the assessees were facing practical difficulties. Trade and industry had represented to the Finance Ministry that assessees were not sure about the kind of information that need to be filled in various columns and that the return forms must have instructions/guidelines for filling the form. Service Tax expert Mr J.K. Mittal said that the proposed new ST-3 form is "saral" and assessee-friendly. He expressed hope that the Government would implement the new form immediately. The last date for filing the service tax return is October 25.