Online filing of service tax returns was made mandatory through a notification on 25.08.2011. However since the notification was issued just a month before the due date for filing of service tax returns, the CBEC has decided to extend the due date from 25.09.2011 to 26.12.2011.. This will reduce the burden of assesses by a [...]
The CBEC (Central Board of Excise and Customs has come out with a clarification with respect to interpretation of the phrase ‘Completion of Service’. The Circular details as to what shall constitute ‘completion of service’. Since the Point of Taxation Rules, 2011 state that the invoice needs to be issued within 14 days of completion [...]
As a matter of streamlining the procedures for the scrutiny of income-tax returns for senior citizens and small tax payers, the Central Board of Direct Taxes has come up with new rule which will come in to effect from the financial year 2011-12. Here is the notification received from the department in this regard. Government [...]