From 1st October 2011 all type of Assessee’s required to file Service Tax Return Electronically/Online
- Saturday, August 27, 2011, 9:15
- Service Tax
- Featured, Notification
Service Tax (Fourth Amendment) Rules, 2011 – Amendment In Rule 7
Notification No. 43/2011 – Service Tax, DATED 25-8-2011
G.S.R. 642 (E).- In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely :-
1. (1) These rules may be called the Service Tax (Fourth Amendment) Rules, 2011.
(2) They shall come into force on the 1st day of October, 2011.
2. In the Service Tax Rules, 1994, in rule 7, -
(a) in sub-rule (2), the proviso shall be omitted;
(b) after sub-rule (2) as so amended, the following sub-rule shall be inserted, namely:-
“(3) Every assessee shall submit the half-yearly return electronically”.
F. No. 137/99/2011 – Service Tax
(Deepankar Aron)
Director (Service Tax)
Note.- The principal rules were notified vide notification No. 2/1994 – Service Tax dated the 28th June 1994, published in the Gazette of India, Extraordinary, Part II, section 3, Sub-section (i), vide number G.S.R. 546(E), dated the 28th June, 1994 and were last amended by notification No. 35/2011 – Service Tax, dated the 25th April, 2011, vide number G.S.R. 343 (E), dated the 25th April, 2011.
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CBEC is expecting too much from industry.
against successfull running of income tax and company law software for returns, still they are going ahead step by step.
Options for better and effective implementation of the ACES
(1) CBEC should lower the limit from existing Rs. 10 Lacs. to 2.5 lac.
(2) all the assessees can be clasified as companies which are listed, firms having taxable values of x amount, etc. and compulsion to be imposed first on them.
(3) previous years figures can be other option.
i thinks the chambers and associations should make presentation to CBEC and request them to amend this 43/2011 notification and issues another practical notification.
Regards,
CA Pravin Dhandharia
09327077643.
Its good..
Good indded…
IT Department/Govt. is trying to bring many reforms for collecting tax but they are
not putting enough efforts for the refund of excess tax paid?
The implementation of compulsory e filing of ST returns wef 1-10-2011 should be implemented in a phased manner by either deciding upon the limit of ST paid or the status of the assessee. Covering all the assesses at one stage is really going to be difficult for small level of tax payers since at least for the first time e filing has to be done by a professional and which would involve cost. Also one has to first get registraion done for this purpose (again a time involving factor with the dept.)
Also it is not clearly spelt whether the circular would be applicable for the filing for the epriod 1-4-11 to 30-9-2011. If one files the return on 30-9-2011 in hard copy, would ST dept. accept the same?
I think the dept. should consider its pros and cons before implementing the same
N K Chinoy
Very Nice Decision