Monday 29 August 2011

Electronic filing of service tax return made mandatory for all


Ministry of Finance vide its notification no. 43/2011 dated 25th of August, 2011 has mandated compulsory filings of service tax returns for all the assessee electronically. 


Earlier the filing of return was mandatory for the assesses who have paid a total service tax of Rupees Ten Lakhs or more, including the amount paid by utilization of CENVAT Credit in the preceding financial year. Now, with effect from 01st October, 2011 every assessee needs to file their half yearly returns through online only.

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