As a measure of harmonization between Central Excise and Service Tax, the Government has made a number of alignments. This was announced by the Finance Minister Shri Pranab Mukherjee while presenting the Union Budget 2012-13 in Lok Sabha today. These include a common simplified registration form and a common return for Central Excise and Service Tax, to be named EST-1. This common return will comprise only one page, which will be a significant reduction from the 15 pages of the two returns at present.
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Higly confusing. The Government should take the advice of experts in drafting such formats so that a common man can understand the format to be filled in.
please let me know that whether the return pertaining to half yearly ended on 31 march 2012 would be filling on six monthly basis or what, kindly also let me know that what would be the lst date for filing such return.Please also let me know that what would be the system of law to file of service tax return, whether quarterly basis or what, if so such law has been applicable since now or not/