As a measure of harmonization between Central Excise and Service Tax, the Government has made a number of alignments. This was announced by the Finance Minister ShriPranab Mukherjee while presenting the Union Budget 2012-13 in LokSabha today. These include a common simplified registration form and a common return for Central Excise and Service Tax, to be named EST-1. This common return will comprise only one page, which will be a significant reduction from the 15 pages of the two returns at present.
One Page Common Return for Central Excise and Service Tax Proposed
News posted by
CCI News Desk
Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.
Recent News :
- SEBI Revises Accredited Investor Rules: 3-Year Validity, New Verification Process
- Finance Ministry Orders Provisional Assessment of Alloy Steel Chisels and Rock Breakers Exported from Malaysia
- ICAI President Highlights India's Global Tax Vision, GST Reforms and Professional Opportunities
- CBDT Notifies Form No. 1(N) for TDS Exemption on Dividend Payments Between Aircraft Leasing Units in IFSC
- MCA Notifies Overseas Listing Amendment Rules 2026
- GSTN Revises E-Way Bill Number Format to 14 Digits from 1st January 2027
- Supriya Sule Urges FM Sitharaman to Extend TDS, TCS and GST Compliance Deadlines During Diwali 2026
- CBIC Amends GST Registration Exemption for Scrap Suppliers from 1st Nov 2026
- RBI Simplifies FEMA Rules for Service Exports and Imports; Introduces Rs 10 Lakh Threshold
- SEBI Proposes Removing 12.5% LTCG Tax on Foreign Equity Investments
Popular News
- GST Rate Changes from 1st Nov 2026: Check New ITC and RCM Rules
- PM Modi's Rs 12 Lakh Tax Relief Remark Sparks Debate Over Taxpayers' Rights
- GST Portal e-Invoice Services to Remain Temporarily Unavailable on 31st Oct and 1st Nov 2026
- CGST Rules 2026 Amended: E-Invoicing Scope Expanded from 1st January 2027
- CBIC Issues New GST Notifications: RCM, Registration and TDS Changes from 1st Nov 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
