Notification No. 45/2007

[Guest]

Notification No. 45/2007 – Service Tax “(2) Every assessee shall furnish to the Superintendent of Central Excise at the time of filing of return for the first time or the 31st day of January, 2008, whichever is later, a list in duplicate, of- Can it interpret as The assessee filing the return first time after the notification date is on or before 25-04-2008 which is due. Hence is it possible to file the list of records at the time of filing of the return in April-2008 ?

[Guest]

It may not be interpreted as said by you as then there would be no purpose of giving the time limit of 31st Jan'08 as for all assessees, the first return after the notification would be in April'08. The correct interpretation would thus be for new assessees who have not filed any return so far, the due date would be the date of filing of first return and for other existing assesses, the due date is 31st Jan'08.

AI Summary

Furnishing of prescribed list: new assessees at first return, existing assessees by the specified deadline. Notification 45/2007 requires assessees to furnish a list in duplicate either at the time of filing the first return or by 31 January 2008, whichever is later. The correct interpretation differentiates new and existing assessees: a new assessee must furnish the list when filing its first return; an existing assessee must furnish the list by 31 January 2008.