URGENT QUERY....

[Asked by 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

Service tax payment frequency restructured: proposed common registration and combined return, larger assessees pay monthly, others quarterly.
There are no immediate changes to existing monthly e payment and half yearly return procedures; proposed reforms (subject to public consultation) would introduce a common simplified registration format, a one page combined Excise & Service Tax Return (EST), and revise payment frequency so larger or certain new non individual/non firm assessees pay monthly while other assessees pay quarterly.