The Form ‘ST-3’ required to be submitted by the 25th day of October, 2012 shall cover the period between 1st April to 30th June, 2012 only.
Saturday, 29 September 2012
Wednesday, 19 September 2012
Sunday, 2 September 2012
The Central Board of Excise & Customs, has made an amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001.
[NOTIFICATION NO. 36/2012 [F.NO.133/5/2012-SO (TPL)]/SO 2005(E), DATED 30-8-2012
Concept of negative list was introduced with an idea to do away with the issue of classification of services under different service classification headings. However the presence of the various services by virtue of negative list concept has not done justice with the idea of do away with the issue of classification of services under different service classification headings. The Finance Act lays down the principles of interpretation of specified descriptions of services and bundled services which provides the mechanism to determine the classification of bundled services.