ST-3 Return to be Filed by 25.10.2012 to Cover only Period up to 30.6.2012.
AS per Rule 7 of the Service Tax Rules, every assessee is required to submit a half yearly return by 25th October for the period 1st April to 30th September and by 25th April for the period 1st October to 31st March.
Now, from 1st July 2012, major changes have been brought out in the Service Tax regime and the return to be filed by 25th October 2012 would cover the two periods, one prior to 1st July 2012 under the old regime and the other from 1st July 2012 under negative list regime.
The Government feels that Combination of all these provisions into one return would have made the return complex for the assessees .
So, the return to be filed by 25th October 2012 would cover only the period, 1st April 2012 to 30th April 2012. The return for the period 1st July 2012 to 30th September 2012 shall be filed later in a new form and within the time to be stipulated.
The Service Tax Rules have been amended to insert a proviso to Rule 7(2).
Notification No. , Dated: September 28, 2012
CBEC Letter in F. No. 137/22/2012-Service Tax., Dated: September 28, 2012