Dec 302011
 

The last date for filing Service Tax return for the 1 half of the financial year 2011-12 has been extended upto 6th January 2012.

The relevant Circular is reproduced below :-

Download (PDF, Unknown)

Sep 012011
 

Travel by train, passport fee, capitation fees to education institutions and non-compete fees given by companies may come under tax net as the government considers a ‘negative list’ model to tax services, which will boost its tax revenues significantly. Most countries follow the negative list model-where a list of exempted services is specified and every other service is taxable-to tax services, but India follows a positive list model, or naming the services that are taxed. The Central Board of Excise and Customs has now proposed switching over to the negative list model in a concept paper that invites comments from all stakeholders.

Source :- Economic Times

Aug 262011
 

The service Tax Department has made the E filing of Half yearly Returns of Service Tax mandatory w.e.f 1st October 2011.

The relevant Notification is reproduced below :-

Click here to send an enquiry to us

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

 

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

*****

Notification No. 43/2011 – Service Tax

New Delhi, the 25th August 2011

Bhadra 3, 1933 (Saka)

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.

 

Contact us @ 91-44-45540180 / 91-91505 75680. 

For Quick Response email :- sridharca@gmail.com

LinkedIn Auto Publish Powered By : XYZScripts.com

Subscribe to our Email alerts for getting regular updates on GST, Income-tax, Corporate Law, Tax Planning, ,Investments, RBI Guidelines, VAT Laws , etc.,

Enter your email address: Delivered by FeedBurner 
Call Us Now
Directions