Service tax
This query is : Resolved
22 October 2012
is there in any change in service tax payment which is quartely for other and monthly for pvt ltd and return half yearly for all please explain
CA Ganpat Naik
(Expert)
22 October 2012
Service Tax return period has been reduced from six monthly (April-12 to September-12) to quarterly (April-12 to June-2012), having the due date as 25th October 2012 for quarterly return.
Detailed notification enclosed herewith.
SERVICE TAX RETURN DUE DATE ON 25.10.2012 PERIOD UP TO 30.06.2012 ONLY
As per existing service tax rules ,every assessee has to file their half yearly return for period 1st April to 30 September on or before 25th October and 2nd half yearly return for period 1st October to 31st March by 25th April every year .But this year, period for first half yearly return for service tax has been cut short to quarter and now service tax return is to be filed for period 01.04.2012 to 30.06.2012 only or or before 25.10.2012.
In our view this change is temporary arrangement and this has been done to settle the issue arises due to implementation of negative list regime .As you aware that wef 01.07.2012 negative list regime has been started and there is a single code has been notified to deposit service tax for all the services wef 01.07.2012, so there is no idea to get return filed with individual service detail . Therefor service tax return has been bifurcated in two part ,i e before negative regime up to 30.06.2012 and after negative service list ie wef 01.07.2012.
what about return for the period wef 01.07.2012 to 30.09.2012 has not been disclosed or notified . we will inform you as and when there is any progress in that regard.
Further on CBEC official site a notice has been shown to all visitors.
Detailed notification enclosed herewith.
SERVICE TAX RETURN DUE DATE ON 25.10.2012 PERIOD UP TO 30.06.2012 ONLY
As per existing service tax rules ,every assessee has to file their half yearly return for period 1st April to 30 September on or before 25th October and 2nd half yearly return for period 1st October to 31st March by 25th April every year .But this year, period for first half yearly return for service tax has been cut short to quarter and now service tax return is to be filed for period 01.04.2012 to 30.06.2012 only or or before 25.10.2012.
In our view this change is temporary arrangement and this has been done to settle the issue arises due to implementation of negative list regime .As you aware that wef 01.07.2012 negative list regime has been started and there is a single code has been notified to deposit service tax for all the services wef 01.07.2012, so there is no idea to get return filed with individual service detail . Therefor service tax return has been bifurcated in two part ,i e before negative regime up to 30.06.2012 and after negative service list ie wef 01.07.2012.
what about return for the period wef 01.07.2012 to 30.09.2012 has not been disclosed or notified . we will inform you as and when there is any progress in that regard.
Further on CBEC official site a notice has been shown to all visitors.
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