notification no. 43/2011

[sanjay gupta]

Earlier the electronic filling return is mandotry for those assessee whose total tax liabilities more than 10.00 lakh. Please clarify that whether this limit is ommited or not as per Noti. No. 43/2011,  dt. 25/08/2011. 

[ROHAN THAKKAR]

Dear Sir,

Now all assesses will be required to file service tax return electronically irrespective of tax liability [Notification No 43/2011 dated 25/08/2011]

The provisio to Rule 7 has been amended by the above notification.

 

Earlier, only those assesses whose service tax payments exceeds Rs 10 lakhs were requried to file return electronically. [Notificaion No 1/2010 dated 19/02/2010].

However, Notification No 43/2011-ST has made amendment in service tax Rules, 1994 by virtue of which all the assesses have to file return online.

Thus, the limit of Rs 10 lakhs has been omitted.

Regards,

Rohan Thakkar 

[YAGAY and SUN]

The Central Board of Excise & Customs has amended the provisions of Service Tax Rules, 1994 relating to the filing of returns. Now, w.e.f. 01-10-2011, every assessee shall submit the half-yearly return electronically.

Accordingly, the provisions of rule 7 has been amended.

[SNEHAL SHAH]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

 

Notification No. 43/2011 – Service Tax

 

New Delhi, the 25^th August 2011

Bhadra 3, 1933 (Saka)

 

G.S.R. 642 (E).- In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely :-  

 

1. (1) These rules may be called the Service Tax (Fourth Amendment) Rules, 2011.

 

    (2) They shall come into force on the 1^st day of October, 2011.

 

2. In the Service Tax Rules, 1994, in rule 7, -

(a) in sub-rule (2), the proviso shall be omitted;

(b) after sub-rule (2) as so amended, the following sub-rule shall be inserted, namely:-

 

“(3) Every assessee shall submit the half-yearly return electronically”.

 

 [F. No. 137/99/2011 – Service Tax]

 

 

 

 

[NEERAJ KUMAR, RANCHI]

Yes I do agree with the learned experts, w.e.f 01.10.2011 every assessee in service tax needs to file return electronically

AI Summary

Electronic filing requirement: all service tax assessees must submit half-yearly returns electronically from the notified commencement.
The amendment to rule 7 of the Service Tax Rules, 1994 omits the proviso to sub rule (2) and inserts a new sub rule providing that every assessee shall submit the half yearly return electronically, with the amendment coming into force on 1 October 2011 and removing the earlier threshold-based exception.