Thursday, April 5, 2007

Service Tax Return Form Changed

New Delhi: The Finance Ministry has come up with a changed service tax return form (ST-3), which incorporates the changes in service tax law and procedures over the last two years. The changed format is now fully compatible to automation and electronic filing. Taxpayers should use the new form for the next return, which is to be registered by April 25. A separate entry has also been prescribed for furnishing information regarding self-adjustment of service tax paid in excess during an earlier period, against service tax liability for the period for which return was being registered.

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