« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  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 «  No tax sops for port-turned SEZs... Efforts to simplify service tax... » Service tax rules to converge from June May, 31st 2007 The revenue department is expected to release two circulars mentioning details of all 100 services under the service tax net and related procedures in a simplified manner by mid-June.    The comprehensive circulars will replace all the present circulars and will enable tax-payers to access required information in a detailed and simplified manner, Central Board of Excise and Customs (CBEC) member PC Jha said at an Assocham seminar today.    One circular will describe the scope of services while the other will explain the procedures. Service Tax Commissioner Gautam Bhattacharya said the circulars would be based on the recommendations of the Rastogi Committee.    The new circulars are in final stages and will be issued by mid-June after clearance by Finance Minister P Chidambaram, he said. The CBEC has already withdrawn 48 circulars that have no relevance. Despite this, there are 120-130 circulars.    Jha said that in future, all circulars would be issued only by the CBEC, unlike in the past when the Director General Service Tax also used to came out with circulars.    Bhattacharya said seven new services included in the service tax net from June 1 this year were expected to fetch Rs 8,000-9,000 crore this fiscal.