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Change in Service Tax Filing Return Date

India is a going a sea change in service tax structure and we moved to a negative list regime wef 01 Jul 12. Negative list in simple terms can be stated as shift from taxation of 119 service-specific descriptions to a new regime whereby all services will be taxed unless they are covered by any of the entries in the negative list or are otherwise exempted.

So if you are a service tax payee than remember that service tax returns for the period 01 April 2012 to 30 June 2012 are to be filed before 25 November 2012.

Wait for Instructions for service tax post 01 Jul 12 whose instructions are being promulgated separately.

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