| Return Filling Services : | |||||||||||||||||||||||||||
DVAT/CST Return |
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VAT is a multi-point tax on value addition which is collected at different stages of sale with a provision for set-off for tax paid at the previous stage/tax paid on inputs. VAT / Sales Tax are state level taxes levied on sale of goods (including computer software), work contract hiring of goods, Transfer of right to use any goods, whether or not for a specified period and Supply of good or other articles by the restaurants, hotels etc., by way of or as a part of service. Vat is a obligation of a dealer to collect VAT on sale and thereafter paid to government. Since the introduction of VAT (Value Added Tax), compliance requirement have increased manifold and require expert services for maintenance of records and calculation of tax liability.Due Date of Filing of DVAT Return |
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Income Tax Return (ITR) : |
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Income tax is an annual tax on income. The Indian Income Tax Act (Section 4) provides that in respect of the total income of the previous year of every person, income tax shall be charged for the corresponding assessment year at the rates laid down by the Finance Act for that assessment year. Section 14 of the Income tax Act further provides that for the purpose of charge of income tax and computation of total income all income shall be classified under the following heads of income: A. Salaries B. Income from house property C. Profits and gains of business or profession. D. Capital gains E. Income from other sources. The total income from all the above heads of income is calculated in accordance with the provisions of the Act as they stand on the first day of April of any assessment year. |
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Service Tax Registration & Return : |
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| Service tax is levied on all services except negative list. Generally it is the responsibility of every service provider to make payment except reverse charge mechanism. The Self-Assessment System is followed in Service Tax. These tax returns have to be filed half yearly | |||||||||||||||||||||||||||
| Who is liable file the service tax return? | |||||||||||||||||||||||||||
| Every service provider or service receiver (in case of reverse charge mechanism) liable to file service tax return whose is registered under service tax. Every person liable to pay the service tax shall himself assess the tax due on the services provided by him and shall furnish to the Superintendent of Central Excise, a return in such form as prescribed by rules. | |||||||||||||||||||||||||||
| Due Date of Filing of Return? | |||||||||||||||||||||||||||
| Service tax return shall be filed on half yearly basis in ST-3 Form, EVEN in case of ‘NIL’ service provided, the service tax return is compulsory to be filed. The jurisdictional Superintendent of Central Excise is authorized to cross verify the correctness of self assessed returns. | |||||||||||||||||||||||||||
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| Mandatory E-filing of service tax return | |||||||||||||||||||||||||||
The e-filing of service tax return has been made mandatory, for all assessees who have paid (in cash plus through CENVAT Credit) a service tax amounting to Rs. 10 Lakhs or more in the preceding financial year or in the current financial year. |
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