E-payment must if you paid Rs.10 lakh tax last year
Is e-payment of service tax has also mandatory?
Vide notification No.43/2011-ST dated August 25, 2011, e-filing of Service Tax Returns (ST-3) in ACES has been made mandatory for all service tax assessees from October 1, 2011. E-payment of service tax was made mandatory from April 1, 2010, vide notification No. 1/2010-service tax dated February 19, 2010, for those assessees who had paid service tax of Rs.10 lakh ( personal ledger account+Cenvat) or more in a preceding financial year. There has been no change in the circular No.1/2010-ST dated February 19, 2010 and only those assesses who in the previous year have paid service tax of Rs.10 lakh including Cenvat credit shall only have to compulsorily make e-payment of service tax rest of the assesses can continue to make service tax payments in the designated banks as before.
When should one fill revised return of service tax?
Under Rule 7B, inserted with effect from March 1, 2007 by notification No.1/2007-ST dated March 1, 2007, an assesse may submit a revised return, in Form ST-3,either online or in triplicate, to correct a mistake or omission, within a period of 90 days from the date of submission of the return. The return is to be filled on half-yearly basis. The half year for this purpose will cover the periods April 1 to September 30 and October 1 to March 31. The half-yearly return should be filled on or before 25th of the month following the particular half-year i.e. on April 25 (covering the half-year October 1 to March 31). The date by which the revise return for first half year will have to be filled will be 90 days from October 25 that is January 22 and for the second half year will be 90 days from April 25 that is July 24.
Is e-payment of service tax has also mandatory?
Vide notification No.43/2011-ST dated August 25, 2011, e-filing of Service Tax Returns (ST-3) in ACES has been made mandatory for all service tax assessees from October 1, 2011. E-payment of service tax was made mandatory from April 1, 2010, vide notification No. 1/2010-service tax dated February 19, 2010, for those assessees who had paid service tax of Rs.10 lakh ( personal ledger account+Cenvat) or more in a preceding financial year. There has been no change in the circular No.1/2010-ST dated February 19, 2010 and only those assesses who in the previous year have paid service tax of Rs.10 lakh including Cenvat credit shall only have to compulsorily make e-payment of service tax rest of the assesses can continue to make service tax payments in the designated banks as before.
When should one fill revised return of service tax?
Under Rule 7B, inserted with effect from March 1, 2007 by notification No.1/2007-ST dated March 1, 2007, an assesse may submit a revised return, in Form ST-3,either online or in triplicate, to correct a mistake or omission, within a period of 90 days from the date of submission of the return. The return is to be filled on half-yearly basis. The half year for this purpose will cover the periods April 1 to September 30 and October 1 to March 31. The half-yearly return should be filled on or before 25th of the month following the particular half-year i.e. on April 25 (covering the half-year October 1 to March 31). The date by which the revise return for first half year will have to be filled will be 90 days from October 25 that is January 22 and for the second half year will be 90 days from April 25 that is July 24.
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