URGENT QUERY....

[Guest]

Sir,

I am Sanish K.S from Cochin, Kerala working in a Pvt Ltd Firm at Cochin. Our Companies service tax liability is lessthan 25 lacks in previous year. We are paying E-payment in monthly and submit return half yearly. Is there any changes in monthly payment and half yearly return in Finance budget 2012. Please give me a reply. My cell no is 9846165202. Email id : [email protected]

Regards

Sanish (Cochin.)

AI Summary

New Service Tax Rules: Simplified Registration, Common Returns, and Updated Payment Schedules Proposed in 2012 Finance Budget An individual from Cochin, Kerala, working at a private firm, inquired about changes in service tax payment and return submission following the 2012 Finance Budget. The firm's service tax liability was less than 25 lakhs in the previous year, and they followed a monthly e-payment and half-yearly return submission. A respondent clarified that there were no changes to their current procedure. However, proposed changes include a simplified registration format and a common return for Central Excise and Service Tax. Additionally, tax payment requirements may shift to monthly for certain assessees and quarterly for others.