« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR «  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.