service tax Amnesty Scheme

VCES Scheme – Pendency of Audit as on 01.03.2013 – One more ground to deny relief

Service Tax - Recent Issue under Service Tax-Amnesty Scheme 2013- Whether it can be said that Audit was pending as on 01.03.13, if Audit Para was not determined and/ liability was also not quantified till 01.03.13...

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Service Tax paid after March 1, 2013 but before enactment of VCES on May 10, 2013 – Should be considered as paid under VCES

Service Tax - Service Tax paid after March 1, 2013 but before enactment of VCES on May 10, 2013 – Should be considered as paid under VCES We are sharing with you an important judgment of the Hon’ble Gujarat High Court in the case of Sadguru Construction Co. Vs. Union of India  on the following issue:...

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40000 VCES Application till 29.12.2013, No extension likely

Service Tax - There has been an overwhelming response to the VCES . In the last four days, we have received over 16,000 applications involving Rs. 1500 crores of service tax dues. Upto 29-12-2013 we have received over 40,000 declarations involving over Rs 5500 crores. ...

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Rejection Order under VCES is appealable and Recent clarifications issued pertaining to VCES

Service Tax - Whether the Order passed by Revenue under Service Tax Voluntary Compliance Encouragement Scheme, 2013 (VCES) is appealable? The High Court has held that the Order passed under the Scheme is appealable. It was held that VCES is part and parcel of Finance Act, 1994 by virtue of amendment made by the Finance Bill, 2013 ...

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VCES – Gift for service tax payer

Service Tax - Service tax is a new emerging law and there has been lack of clarity on the applicability of the service tax, among the trade, departmental officer and also among the consultants, this would have left lot of assesses not being compliant although has no intention to evade the payment of service tax. ...

Read More

VCES Scheme Successful? Seems to be be

Service Tax - CA Sandeep Kanoi As per the Government Officials they have collected nearly 5500 Crores till 29.12.2013 under the Voluntary Compliance Encouragement Scheme 2013 and it is  said by some official that final figure for VCES is in excess of Rs. 8000 Crore . As per CBEC Results Framework Document (RFD) for  2013-2014 the combined total [&hel...

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Service Tax Offices Open on 28.12.2013 & 29.12.2013

Service Tax - December 27,2013 In terms of Section 107(1) of the Finance Act, 2013, the last date for filing declaration under Voluntary Compliance Encouragement Scheme is on or before 31.12.2013. In order to enable trade & industry to file declarations well in time before 31.12.2013, and also to avoid last minute rush, all the offices handling Ser...

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Handbook on Service Tax VCES, 2013

Service Tax - Further, the Committee, continuing with its efforts to update the members and also to partner the Government in its initiative, has come out with Handbook on Service Tax Voluntary Compliance Encourage Scheme, 2013. The Handbook has been hosted on Indirect Taxes Committee page of ICAI website and can be downloaded from http://220.227.161.8...

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ICAI Newsletter on Service Tax Voluntary Compliance Encourage Scheme, 2013

Service Tax - As you are aware, the Government in this year has brought one time amnesty scheme in service tax, namely, Service Tax Voluntary Compliance Encouragement Scheme, (STVCES) 2013, which will enable many assessees to pay tax without interest and penalty. The Institute is always instrumental in facilitating the Government in policy making and...

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Service Tax VCES FAQ Booklet released by FM- Still the mystery

Service Tax - Finance Minister Shri P. Chidambaram  has Released a booklet namely  ‘FAQ on Service Tax VCES’ on 08th August 2013. It was said in the press release issued by Ministry of Finance that  “The Frequently Asked Questions (FAQ) booklet on VCES contains clarifications on doubts and queries about the scheme. For ease of refe...

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VCES – No Declaration for Period not covered by Scheme, Installment Payment Possible

F. No. B1/19/2013-TRU (Pt.) - (11/12/2013) - In one instance, the Designated Authority has asked a declarant, who has “tax dues” only for a part of the period covered by the Scheme, to furnish an undertaking that he had no unpaid “tax dues” for the remaining period covered by the Scheme....

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Clarifications on Service Tax Voluntary Compliance Encouragement Scheme

Circular No. 169/4 /2013 - ST - (13/05/2013) - The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect upon enactment of the Finance Bill 2013 on the 10th May, 2013. The Service Tax Voluntary Compliance Encouragement Rules, 2013 has been issued to bring into effect the Scheme. Some references have been received seek...

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Government Notifies Service Tax Voluntary Compliance Encouragement Scheme,2013

Notification No. 10/2013-Service Tax - (13/05/2013) - In exercise of the powers conferred by sub-sections (1) and (2) of section 114 of the Finance Act, 2013 (17 of 2013), the Central Government hereby makes the following rules regarding the form and manner of declaration, form and manner of acknowledgement of declaration, manner of payment of ta...

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Recent Posts in "service tax Amnesty Scheme"

VCES Scheme – Pendency of Audit as on 01.03.2013 – One more ground to deny relief

Recent Issue under Service Tax-Amnesty Scheme 2013- Whether it can be said that Audit was pending as on 01.03.13, if Audit Para was not determined and/ liability was also not quantified till 01.03.13...

Read More
Posted Under: Service Tax |

Service Tax paid after March 1, 2013 but before enactment of VCES on May 10, 2013 – Should be considered as paid under VCES

Service Tax paid after March 1, 2013 but before enactment of VCES on May 10, 2013 – Should be considered as paid under VCES We are sharing with you an important judgment of the Hon’ble Gujarat High Court in the case of Sadguru Construction Co. Vs. Union of India  on the following issue:...

Read More
Posted Under: Service Tax |

VCES Scheme Successful? Seems to be be

CA Sandeep Kanoi As per the Government Officials they have collected nearly 5500 Crores till 29.12.2013 under the Voluntary Compliance Encouragement Scheme 2013 and it is  said by some official that final figure for VCES is in excess of Rs. 8000 Crore . As per CBEC Results Framework Document (RFD) for  2013-2014 the combined total [&hel...

Read More
Posted Under: Service Tax |

40000 VCES Application till 29.12.2013, No extension likely

There has been an overwhelming response to the VCES . In the last four days, we have received over 16,000 applications involving Rs. 1500 crores of service tax dues. Upto 29-12-2013 we have received over 40,000 declarations involving over Rs 5500 crores. ...

Read More
Posted Under: Service Tax |

Service Tax Offices Open on 28.12.2013 & 29.12.2013

December 27,2013 In terms of Section 107(1) of the Finance Act, 2013, the last date for filing declaration under Voluntary Compliance Encouragement Scheme is on or before 31.12.2013. In order to enable trade & industry to file declarations well in time before 31.12.2013, and also to avoid last minute rush, all the offices handling Ser...

Read More
Posted Under: Service Tax |

Handbook on Service Tax VCES, 2013

Further, the Committee, continuing with its efforts to update the members and also to partner the Government in its initiative, has come out with Handbook on Service Tax Voluntary Compliance Encourage Scheme, 2013. The Handbook has been hosted on Indirect Taxes Committee page of ICAI website and can be downloaded from http://220.227.161.8...

Read More
Posted Under: Service Tax |

ICAI Newsletter on Service Tax Voluntary Compliance Encourage Scheme, 2013

As you are aware, the Government in this year has brought one time amnesty scheme in service tax, namely, Service Tax Voluntary Compliance Encouragement Scheme, (STVCES) 2013, which will enable many assessees to pay tax without interest and penalty. The Institute is always instrumental in facilitating the Government in policy making and...

Read More
Posted Under: Service Tax |

Rejection Order under VCES is appealable and Recent clarifications issued pertaining to VCES

Whether the Order passed by Revenue under Service Tax Voluntary Compliance Encouragement Scheme, 2013 (VCES) is appealable? The High Court has held that the Order passed under the Scheme is appealable. It was held that VCES is part and parcel of Finance Act, 1994 by virtue of amendment made by the Finance Bill, 2013 ...

Read More
Posted Under: Service Tax |

VCES – No Declaration for Period not covered by Scheme, Installment Payment Possible

F. No. B1/19/2013-TRU (Pt.) (11/12/2013)

In one instance, the Designated Authority has asked a declarant, who has “tax dues” only for a part of the period covered by the Scheme, to furnish an undertaking that he had no unpaid “tax dues” for the remaining period covered by the Scheme....

Read More

VCES – Gift for service tax payer

Service tax is a new emerging law and there has been lack of clarity on the applicability of the service tax, among the trade, departmental officer and also among the consultants, this would have left lot of assesses not being compliant although has no intention to evade the payment of service tax. ...

Read More
Posted Under: Service Tax |
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