TAX NEWS - 2010

E-filing of Central excise, Service tax of India

The Institute of Company Secretaries of India (ICSI) has entered into a memorandum of understanding with the Central Board of Excise and Customs (CBEC).

This would enable company secretaries to set up Certified Facilitation Centres (CFCs) under the Automation of Central Excise and Service Tax (ACES) project, which will facilitate e-filing of returns and other documents by assessees of Central Excise and Service Tax.

CFC is a facility, other than the physical front offices or facilitation centres of CBEC, which may be set up and operated by a practising company secretary to whom a certificate is issued under the ACES project, where the assessees of Central Excise and Service Tax can avail themselves of the facility to file their returns and other documents electronically along with associated facilitation on payment of specified fees.