Restoration of Service Specific Accounting Codes for Payment of Tax and Service Tax Registration

Dear Friends,

After the introduction of Negative List, department has prescribed single accounting code for payment of service tax vide Circular 161/12/2012 dated 6^th July, 2012. In Service Tax Registration also only one description of service is available. However after examination of suggestions from field formation, department vide Circular No. 165/16/2012-ST dated 20^th November, 2012 has issued a list of 120 descriptions of services for the purpose of registration and accounting codes corresponding to each description of service for payment of tax is provided (for list please refer Annexure A). It has been also clarified that descriptions of taxable services given in the annexure are solely for the purpose of statistical analysis.

Registrations obtained under the positive list approach continue to be valid. Where registrations have been obtained under the description 'All Taxable Services', the taxpayer should file amendment application online in ACES and opt for relevant description/s from the list of 120 descriptions of services given in the Annexure- A.

Hope the information will assist you in your Professional endeavours.

No Service Tax Return Filing Till Modification in ST 3 Form

Ø     FILING OF ST-3 ONLY FOR THE PERIOD 1^st APRIL ,2012 TO 30^th JUNE ,2012

(NOTIFICATION NO.47/2012-ST, DATED 28-09-2012)

·           In terms of sub-rules (1) and (2) of Rule 7 of the Service Tax Rules, 1994, the half yearly return for the period 1^st April to 30^thSeptember 2012, is to be filed by 25^thOctober, 2012. In the current financial year, an assessee would have had to give data with respect to specific services and the corresponding legal provisions for the period 1-4-2012 to 30-6-2012. (and not upto 30-09-2012)

·           It has been decided that assessees have to provide data only for the period 1-4-2012 to  30-6-2012 in the first half yearly return which is due on 25-10-2012.

·           The data for the period from 1-7-2012 to 30-9-2012 should not be filed. Modifications will be made in the ACES so that any data filed for this period is rejected. Till such time as the modifications are made, ACES will not be accepting returns.

·           Data for the period 1-7-2012 to 30-9-2012 will have to be furnished in a return in a revised format. The revised format of the return and the last date for filing it will be indicated separately.

·           Please find copy of Notification No. 47/2012 dated 28-9-2012 issued as under.

NOTIFICATION NO.47/2012 - Service Tax, Dated: September 28, 2012

In exercise of the powers conferred by sub-section(1) read with sub-section (2) of section 94 of the Finance Act 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely:-

1. (1) These rules may be called the Service Tax (Fourth Amendment) Rules, 2012.

    (2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Service Tax Rules,1994, in rule 7, in sub-rule(2), the following proviso shall be     inserted, namely:-

"Provided that the Form 'ST-3' required to be submitted by the 25 th day of October, 2012 shall cover the period between 1 st April to 30 th June, 2012 only."

F.No 341/21/2012-TRU

(Rajkumar Digvijay)

Under Secretary to the Government of India

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide notification No. 2/94-ST, dated 28 th June, 1994 vide number G.S.R 546(E), dated the 28th June, 1994 and were last amended by notification No 46/2012- Service Tax, dated the 7th August 2012 , vide GSR 622 (E) dated the 7 th August 2012.

How To Build Trust in Relationships

         How to Build Trust in Relationship

Firstly let us understand what Trust is.

Trust is the permanent certainty and confident expectation from someone for something. Lack of trust might lead to shattered relations so Trust is the most critical ingredient for strong relationship; the relation which can either be between Husband-Wife, Boss-Employee, Father-Son, Brother-Sister, Supplier-Customer and so on.

Here are some recommended 'behaviors' which you need to demonstrate in order to develop trust.

1- Being Responsible: ensure you are performing your day-to-day responsibilities and meeting the short-term and long term expectations by your dependants.

2- Listen, Listen, Listen, Listen: God has given you two ears and one tongue so you listen more and speak less. Effective Listening is a skill; develop this habit. Google it today and learn.

3- Being Truthful: Be honest and fair. Don't deceive someone. Remember the fact that building trust is tough but it takes seconds to have scratches-in-the-jewel which usually is very hard to recover.

4- Keeping Promises: your promise is your commitment with someone to do something, so don't break at any cost. In case you couldn't meet your promise, there is always a door for dialogue for re-consideration of things. In case of dialogues be fair, be truthful and be open. Confess the short comings on your end.

5- Consistent Behavior: the ever changing attitude is an indication of your non-predictive personality which is an anti-trust drive. So be consistent in what you speak and what you do.

6- Apologizing Behavior: Sorry is the best medicine in healing relationship complications.

In fact, Sorry and Thanks are the two golden words 

Use them often and you will see massive improvements in your daily life.

Finding a Fulfilling Happy Relationship

Finding someone to be in a relationship is actually quite easy. Finding someone to be in a relationship that actually fulfills you, however, is a different story. So how do you find a relationship that truly fulfills your needs and desires? Setting your priorities straight and having realistic expectations will help guide you into the right direction in finding the relationship you have always wanted. Before you can do that though, you need to make sure that you feel fulfilled on your own first.

So many people end up in relationships that do not fulfill them because they are entering the relationship with the wrong expectations and for the wrong reasons. A big example of this is someone entering a relationship as a way to feel complete. Many people feel unsatisfied with themselves and their lives, and believe that someone else will be able to fill in that gap for them. Placing the responsibility for your happiness on someone else is unrealistic and will only result in disappointments in the relationship. You also need to acknowledge and accept the fact that there is no such thing as the perfect relationship and that there will be issues that will require teamwork and compromise.

Most people have the idea that if a relationship is truly happy and meant to be, then there never will be any problems and should not require so much work- it should just be happy. Well, if this is how you view relationships, then it is time to change your way of thinking before you set yourself up for more painful reality checks. If you are interested in finding a person to build a strong romantic relationship with, the best thing to do would be to start by focusing on yourself first- and make sure that you are have your life sorted out, before deciding to share it with someone else. Majority of people would read this say of course, it's common sense and while this may true, people still enter relationship with unrealistic expectation, wrong reasons or before making sure they are fulfilled on their own first.

So if you feel you are ready to be in a serious, committed relationship, do your self a favor and take it one step at a time. Reviews the relationships you have with yourself first and make sure that you are truly happy with you are and where you stand currently in your life. Ask yourself why you feel the need to be in a relationship, what you are prepared to invest into it, as well as what you are expecting from your partner. Sorting this out will help you understand your relationship goals and will help you understand what it is you need to look for in a person when trying to find a romantic partner to share your life with.