CBEC extends the date of submission of the return

F.No.137/99/2011-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, the 15th October, 2012 ORDER NO: 3/2012             In exercise of the powers conferred by sub-rule(4) of rule 7 of the Service Tax Rules, 1994, the Central Board of Excise & Customs hereby extends the date of submission of the  return for the period 1st April 2012 to 30th June 2012, from 25th October, 2012 to  25th November,2012.             The circumstances of a special nature which have given rise to this extension of time are as follows:   a)      ACES will start releasing the return in Form ST3 in a quarterly format, shortly before the due date of 25th October,2012. b)     This will result in all the assesses attempting to file their returns in a short time period, which may result in problems in the computer network and delay and inconvenience to the assesses.  (S.M. Tata) Commissioner Service Tax Central Board of Excise and Customs

SERVICE TAX RETURN DUE DATE ON 25.10.2012

SERVICE TAX RETURN DUE DATE ON 25.10.2012 PERIOD UP TO 30.06.2012 ONLY Service tax return period has been cut short for financial year 2012-13 to three months 01.04.2012 to 30.06.2012 from earlier 01.04.2012 to 30.09.2012 to be filed by 25.10.2012. Notification in this regard is given here under for your ready reference. SERVICE TAX (FOURTH AMENDMENT) RULES, 2012 - AMENDMENT IN RULE 7

NOTIFICATION NO. 47/2012 ST, DATED 28-9-2012

In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend theService Tax Rules, 1994, namely:-

1. (1) These rules may be called the Service Tax (Fourth Amendment) Rules, 2012.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Service Tax Rules, 1994, in rule 7, in sub-rule (2), the following proviso shall be inserted, namely:-

"Provided that the Form 'ST-3' required to be submitted by the 25th day of October, 2012 shall cover the period between 1st April to 30th June, 2012 only."

As per existing service tax rules, every assessee has to file their half yearly return for period 1st April to 30 September on or before 25th October and 2nd half yearly return for period 1st October to 31st March by 25th April every year. But this year, period for first half yearly return for service tax has been cut short to quarter and now service tax return is to be filed for period 01.04.2012 to 30.06.2012 only on or before 25.10.2012.  This change is temporary arrangement and this has been done to settle the issue arises due to implementation of negative list regime. As you are aware that w.e.f. 01.07.2012 negative list regime has been started and there is a single code has been notified to deposit service tax for all the services, so there is no idea to get return filed with individual service detail. Therefore service tax return has been bifurcated in two part, i.e. before negative regime up to 30.06.2012 and after negative service list i.e. w.e.f. 01.07.2012. Return for the period w.e.f. 01.07.2012 to 30.09.2012 has not been disclosed or notified as of now.

Extension Circular of Due Dates for Filing Annual Returns

Dear Stakeholder,

The Ministry issued General Circular No.30/2012 dated  28.09.2012, In order to ensure smooth filing and to avoid last minute rush, the due date of filing of e-forms 23AC(Non-XBRL) and 23ACA (Non XBRL) as per new schedule VI is extended in following manner without any additional fee :-

a)     Company holding AGM or whose due date for holding AGM is on or before 20.09.2012, the time limit will be 03.11.2012 or due date of filing, which ever is later.

b)     Company holding AGM or whose due date for holding AGM is on or after 21.09.2012, the time limit will be 22.11.2012 or due date of filing, which ever is later.

It is suggested that the e-filing of MCA21 forms (especially filing of Balance Sheets and Annual Returns due in October and November respectively) onMCA portal may be carried out AS SOON AS POSSIBLE without waiting till the last date to avoid the last minute congestion on the MCA/MCA21 website. This will result in smooth service delivery to all the stakeholders from MCA.

Further the Ministry vide General Circular No.31/2012 dated 28.09.2012 has extended the filing of e-form 23B for FY 2012-13 without any additional fee till 23.12.2012 or due date of filing which ever is later. All are advised  to file e-form 23B after 22.11.2012 to avoid system congestion

Your cooperation will be appreciated. In case filing has been done by you, please ignore this message

This is a MCA21 system generated mail for your information and necessary action. Please do not reply to this mail.

Ministry of Corporate Affairs
Government of India

myMuneemji - an Accounting revolution !!!!

|| श्री || 

In the mid sixties, White and Green revolution took place in India making us self sufficient in the field of dairy and agriculture.  Likewise there is a need to do an accounting revolution to make accounting simple and hassle free for common man and entrepreneurs. While there had been substantial progress in the field of Information Technology from the manual age, the key problem today is the lack of an ecosystem, which provides accounting as a solution and not just as a product or service!!!  Accounting and taxation still remain mystery topics and the knowledge is in the handful of few. With increasing compliance, it is important that entrepreneurs and individuals get a proper book keeping and tax solution, so that they can focus on the business and not worry on the compliance matters at any point during the year. myMuneemji proposes to be the One Stop Shop Solution combining the latest technology  and processes , backed up by best in class accounting professionals.

In our country, many people are non-compliant not because they don’t want to pay tax, but because they feel the pinch of time and effort to handle these compliances. Today, there are variety of taxes both at a state and central level, which are applicable with different periodicity, rates and procedures. Complication in compliance is topped up by lack of skilled resources such as accountants and consultants to handle these procedures in systematic and timely manner.

On the other hand, India is yet a rural economy with majority of population concentrated in the tier two and three cities as well as villages which is scarcely literate. This population is ignorant of the compliances and disconnected from the happenings in these laws.

The only way to build in governance in this country is the Internet bases tools which can reach farthest of the places at a time with same amount of accuracy 24 X 7.

We are myMuneemji, are working towards taking accounting including all kinds of tax filings online with simplicity and service. The mission to make “Accounting for everyone and everywhere”.

Features like Document Management, Sms / email alerts,help desk and dashboards help make this a unique combination of product with service which creates transparency with complete accountability on both the sides.

Along accounting data entry options, myMuneemji endeavours that the best of the tax and legal advisors could be part of our panel who feel like joining this mission and helping their fellow countrymen, with the best in class advice. All this will be reaching the farthest and remotest places through the internet connection and sms.

Life with myMuneemji will be joyous as everything will be accounted for by everyone with effortless ease. People will not only file their taxes in time but even the smallest of the businessmen will also get their MIS (Management Information System). Along with compliance, this is also targeted to add value to the businesses as well as personal finance in some way. Having said this, myMuneemji is a product backed by a service engine, to handhold the customers and encourage them to adhere to the compliance.