New monthly return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 April 2012
As per budget 2012 -
new simplified one page common return with Central Excise: to be called Excise & Service Tax Return (EST for short) is being introduced. The format of the return is given as Annexure D. It is also being proposed that the cycles for the payment service tax and filing of return should coincide. To this end the tax payment requirement is proposed to be revised as follows:
A. Assessees who paid tax of Rs 25 lakh or more in previous year and new assessees other than individuals and firms: Monthly
B. Others: Quarterly
From Which date this changes will be applicable. ? Is they are applicable for April'12 or decision is pending
new simplified one page common return with Central Excise: to be called Excise & Service Tax Return (EST for short) is being introduced. The format of the return is given as Annexure D. It is also being proposed that the cycles for the payment service tax and filing of return should coincide. To this end the tax payment requirement is proposed to be revised as follows:
A. Assessees who paid tax of Rs 25 lakh or more in previous year and new assessees other than individuals and firms: Monthly
B. Others: Quarterly
From Which date this changes will be applicable. ? Is they are applicable for April'12 or decision is pending
26 April 2012
The said return form is put in public domain for suggestions / feed back from public till 15 th May,2012. Therefore, can't say the effective date now.
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