Apr 272016
 

In view of the difficulties faced by the assessees in accessing the ACES website, the last date for submission of the Half yearly return for the period from Oct-2015 to Mar 2016 has been extended from 25th April 2016 to 29th April 2016. Now, assessees who have missed their deadline can make use of this opportunity and file the Service tax returns within the extended due date.

The relevant CBEC order is attached below :-

Download (PDF, Unknown)

Nov 152015
 

Swachh Bharat Cess (SBC) is effective from today (Nov 15, 2015).

Please Note the following :-

  1. SBC to be shown and charged Separately in the Service Invoice.
  2. Service Tax will be @ 14% & SBC  will @ 0.5%. Both needs to be shown separately in the Invoice. Do not show the Service Tax as 14.5%.
  3. As of now, there is no amendment passed in the CENVAT Credit rules. Hence, SBC Cannot be taken credit for payment of Service tax using CENVAT Credit.
  4. The Accounting Codes Notified are are follows in respect of SBC

i) Swacch Bharat Cess  – 0044-00-506 (Minor Head)

ii) Tax Collection – 00441493

iii) Other Receipts – 00441494

iv) Penalties – 00441496

 

Jul 012015
 

The following are the Various Statutory Obligations for the month of July 2015.

Payment of Service Tax

The last date for Payment of Service tax pertaining to the month of June  2015 (Corporate Assessees) , Apr-June 2015 (For other assessees) is 5th of July 2015. In case of e-payment, the due date is 6th of July 2015.

In case of payment by Challan GAR 7, click here to download the Challan

In case of e-payment of Service Tax, Click here to make the payment online.

Remittance of Tax Deduction at source

The due date for remitting Tax Deducted at Source (TDS) on Salary & Non-salary payments during the month of June 2015 is 7th of July 2015.

Click here to pay the TDS online.

Quarterly return in respect of Tax Deducted at Source for the Quarter 1 (2015-16)

The Quarterly Return in respect of Tax Deducted at Source in respect of Salaries / Non-Salary Payments has to be filed on or before 15th of July 2015.

Monthly Return and Payment of Tax under TNVAT

The monthly returns filing and the payment of TNVAT has to be complied on or before 20th of July for the month of June 2015.

Click here to send your enquiries/suggestions , if any.

May 202015
 

The following are few of the important changes will be applicable from 1st June 2015 in respect of Service Tax :-

1) Rate of Service tax has been changed from 12% to 14%

2) Education Cess & Secondary Education Cess removed

3) The definition of ‘chit’ has been omitted from the abatement notification 26/2012

4) Negative List – Process amounting to manufacture or production of goods excludes alcoholic liquor for human consumption withdrawn.

5) Admission to exhibition of cinematograpic film, circus, dance, theartical performance, including drama or ballet, recognised sporting event exempted.

6) Award function, concert, pagent, musical performance, sporting event other than recognised sporting event exempted provided consideration is not more than Rs. 500/-

 

 

Oct 262014
 

Due to natural calamities in certain parts of the country, the Service Tax Department, Ministry of Finance , vide its Order No 02/2014 dtd 24th October 2014 , has extended the last date for filing the Half yearly returns in respect of Service tax for the period from Apr 2014 to Sept 2014.

As per the said order, the last date for filing the Half yearly service tax return for the period Apr-Sep 2014 has been extended from 25th October 2014 to 14th November 2014.

Source :- www.aces.gov.in

The relevant order is reproduced below :-

Download (PDF, Unknown)

Dec 012013
 

The following are the Various Statutory Obligations for the month of December 2013.

Payment of Advance Tax

The last date for Payment of Advance Tax (3rd Instalment in case of Companies & 2nd Instalment in case of Non Companies) for the A.Y.2014-15 is 15th December 2013.

Click here to make Advance Tax Payment online.

Click here to download Challan for Payment of Advance tax

Payment of Service Tax

The last date for Payment of Service tax pertaining to the month of November 2013 is 5th of December 2013. In case of e-payment, the due date is 6th of December 2013.

In case of payment by Challan GAR 7, click here to download the Challan

In case of e-payment of Service Tax, Click here to make the payment online.

Remittance of Tax Deduction at source

The due date for remitting Tax Deducted at Source (TDS) on Salary & Non-salary payments during the month of November 2013 is 7th of December 2013.

Click here to pay the TDS online.

Monthly Return and Payment of Tax under TNVAT

The monthly returns filing and the payment of TNVAT has to be complied on or before 20th of December for the month of November 2013.

Payment of 50% of the Tax as per Form VCES-2 for assessees who have declared under VCES Scheme :-

The 50% of the tax liability as declared and accepted under the Voluntary Complaince Encouragement Scheme 2013 (Service Tax) has to be paid on or before 31st of December 2013.

Filing of declaration under VCES

The last date for filing declaration in VCES-1 for claiming the immunity from Interest & Penal provisions in respect of Service Tax Voluntary Compliance Encourgement Scheme 2013 is 31st December 2013.

Click here to send your enquiries/suggestions , if any.

Aug 012013
 

The Service tax Department has released the offline excel utility for filing half-yearly Service Tax Return (ST-3) for the period 1st October 2012 to 31st March 2013.  The following are the new features of the Oct-Mar 2013 Return  :-

A.   Previously, the assessees were able to view the filed returns using the option, ‘View Original ST3’. This facility has been enhanced with a new feature by displaying in the return, the list of error codes (with corresponding error messages). This will help the assessees to know about the errors so that they can exercise the option of filing Revised return by rectifying the errors. This facility will be made available shortly and the exact date will be intimated on ACES website.
B.   As soon as the return uploaded by the assessee is accepted or rejected by the system, a system-generated message will be e-mailed to the assessee. The assessee can rectify the errors and file the corrected return.

 

The Last date for filing ST-3 return in respect of the period from Oct-Mar 2013 is 31st August 2013.

Click the link below to download the Service Tax ST-3 Excel utility for Oct-Mar 2013.

May 242013
 

The Central Board of Excise and Customs has issued a new circular No 169/4/2013 dtd 13/05/2013 providing few clarifications with regard to the Service Tax Voluntary Compliance Encouragement Scheme , 2013.

The following are the clarifications issued :-

1) A person who has not already registered with the Service Tax Department , he can first register himself as an assessee and after the same , he can make a declaration under this scheme.

2) The person doing as above will also be provided immunity under the VCES.

3) As assessee to whom show-cause notice or order of determination u/s. 72,73 or 73A has been issued cannot make use of this scheme.

4) A mere communication from the Department for filing of returns (or) seeking information from the assessee would not lead to rejection of declaration under this scheme.

The relevant circular is reproduced below :-

Service Tax VCES Circular

Download (PDF, Unknown)

May 032013
 

The following are the Various Statutory Obligations for the month of May 2013.

Payment of Service Tax

The last date for Payment of Service tax pertaining to the month of April 2013 is 5th of May 2013. In case of e-payment, the due date is 6th of May 2013.

In case of payment by Challan GAR 7, click here to download the Challan

In case of e-payment of Service Tax, Click here to make the payment online.

 

Remittance of Tax Deduction at source

The due date for remitting Tax Deducted at Source (TDS) on Salary & Non-salary payments during the month of Apr 2013 is 7th of May 2013.

Click here to pay the TDS online.

 

 Monthly Return and Payment of Tax under TNVAT

The monthly returns filing and the payment of TNVAT has to be complied on or before 20th of May for the month of April 2013.

 

 Quarterly Return of TDS for the Quarter Ending March 2013

The Quarterly returns (Form 24Q/26Q/27EQ) pertaining to the quarter ended March 2013 (Jan-Mar 2013) has to be filed on or before 15th of May 2013.

Issue of TDS Certificates

TDS Certificates in Form 16A (Other than salaries) for the Quarter ended March 2013 shall be issued on or before 30th of May 2013

TDS Certificates in Form 16 (Salaries) for the financial year 2012-13 shall be issued on or before 31th of May 2013

 

Click here to send your enquiries/suggestions , if any.

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

For Quick Response email :- sridharca@gmail.com

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