By CA Manoj Kohi1st Oct.,2012 As You may know that section 70 of the Finance Act, 1994 read with Rule 7 of the Service Tax Rules, 1994 requires every person liable to pay tax to furnish his return half yearly in ‘Form ST-3’ by the 25th of the month following the particular half-year. However, with the introduction of Negative list provision, there is an ambiguity among the industry, as to how information pertaining to service provided will be furnished in Form ST-3 because all taxable service category has been merged into one single category, namely “Other than in the negative list”. Now Central Government vide Notification No. 47/2012-ST dated 28.09.2012 has inserted a new proviso to sub-rule (2) of Rule 7 of Service Tax Rules, 1994 to provide that the Form ‘ST-3’ which is required to be submitted by the 25th day of October, 2012 shall cover the period between 1st April to 30th June, 2012 only.
Literally this Service Tax & even VAT, are most unlawful taxes, but The Political Caucus Ruling The Nation & Its States, is enjoying the power to loot the people of the country; called Bharat-Hindustan- India; the way This Caucus feels like, to enjoy lavish lives at the cost of The People indeed–dr.amritgaur