Excise and Service Tax Revised Tax Return Format.

Service Tax and Central Excise Department has revised format of Tax return as ER-1, ER-2 and ST-3.  Return ER-1 needs to be filled monthly whereas ER-2 quarterly and ST-3 in every six month. The department has issued draft no. 201 dated 13-04-2012 about the revised process. The full draft is as follows.

F No 201/05/2011-CX.6
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise & Customs)
*****
New Delhi, the 13th April, 2012

Subject: Revised format for Excise and Service Tax Return- regarding

The attached document is a draft circular containing details of proposed amendments to harmonize the ER-1, ER-3 and ST-3 returns so that a single common return can be prescribed instead of these three returns as measure of simplification of the Business Processes in respect of filing the Return by assesses. The draft is being placed in public domain for widest possible circulation and an extensive debate from all stakeholders in trade and industry as also from all the field formations of the department. All suggestions and feedback from Trade as well as Field formations, may please be emailed at dircx1@nic.in or at vp60singh@gmail.com latest by 15th May 2012. The feedback and suggestions received would be considered for revising the proposed amendments.

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Posted in: Central Excise Duty,Service Tax