service tax- ST3

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..... Surenderji, Kindly enlighten us the purpose behind ST 3 asking for 3 months data. Whether return is required to be filed quarterly. - Reply By Pradeep Khatri - The Reply = The MOF is working on the concept of Quarterly Returns under Service Tax laws for the purpose of getting the information pertaining to revenue generated by Service Sector to enable them to make policies and Finalization of G .....

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..... ST. - Reply By CA GOPALJI AGRAWAL - The Reply = Thank you pradeep ji. - Reply By NEERAJ KUMAR, RANCHI - The Reply = In my view, this has been done because from on and after 01.07.2012 service tax law has been changed and negative list has ttaken place. The present format of ST 3 was not suitable enough to accomodate changes occured in between the half yearly period , therefore the board has d .....

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..... ecided to bifurcate this period in two part and upto 30.06.2012 one return as per the old system and thereafter a new set of format may come to be used for the period after 01.07.2012. - Reply By Pradeep Khatri - The Reply = Neeraj Sir, Thanks for up-dating us. Best Regards, Pradeep Khatri - Reply By Seetharaman K C - The Reply = To give an example of the changes which may be ocassioned .....

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..... in the ST3 , the best issue which comes to mind is the Reverse Charge mechanism and sharing of the service tax payable between the service receiver and the service provide. The ST3 return would have to be modified suitably to accomodate this amendement so that cross checking of taxes paid by Service Provider and Service Receiver is possible and the same are reflected separately probably collecte .....

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..... d in different codes for different heads so that anamolies could be detected. Although this is my own wishful imagination I do expect someting in this line - service tax- ST3 - Query Started By: - CA GOPALJI AGRAWAL Dated:- 1-10-2012 Service Tax - Got 5 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementin .....

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..... dia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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