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E-filing of service tax to be mandatory in 2 months: CBEC
The government will make electronic filing of service tax mandatory within a couple of months, said a senior official of the Central Board of Excise and Customs (CBEC). - Indirect tax mop-up declines 21.6% in Apr-Oct - Dual tax structure for goods & services - FinMin may resume release of monthly indirect tax data - Inter-state supplies is taxed under dual GST at destination - State worried over GST roll out - Options limited for Madhya Pradesh "Electronic filing of service tax will be made compulsory in the next two months," CBEC member Y G Parande told reporters on the sidelines of a PHD chamber seminar. Parande also expressed hope that the government would meet service tax collection target during the fiscal despite impact of stimulus package on revenue realisation. The government proposed to collect Rs 65,000 crore as service tax during the year. The service tax collection during the first seven months has gone down by 5.4 per cent to Rs 28,926 crore compared with corresponding period last year. Attributing decline in revenue collections to incentives given by the government to help the economy combat the impact of global slowdown, Parande said, "certainly, the stimulus packages have had the effect (on indirect tax collections), particularly because rates were brought down." The indirect tax collections, including customs, excise and service tax, declined by 21.6 per cent to Rs 1,26,903 crore during the April-October period.Payday Loan commented:
E filing is a good and a time saving option which will help the people to have the faster access for making the payment
06.08.2011
Online payday loans commented:
E filing save the time for the people and make the things easy for them
07.09.2011
payday lenders commented:
E filling is very helpful to people to pay their debts,Very informative and useful blog.
28.09.2011