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 wa...
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 a...
Service Tax : There has been an overwhelming response to the VCES . In the last four days, we have received over 16,000 applications involving R...
Service Tax : Whether the Order passed by Revenue under Service Tax Voluntary Compliance Encouragement Scheme, 2013 (VCES) is appealable? The H...
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, de...
Goods and Services Tax : Request to announce Tax Amnesty Scheme / one time settlement scheme for pending demand, disputes, appeals, litigations and recover...
Service Tax : CA Sandeep Kanoi As per the Government Officials they have collected nearly 5500 Crores till 29.12.2013 under the Voluntary Compli...
Service Tax : December 27,2013 In terms of Section 107(1) of the Finance Act, 2013, the last date for filing declaration under Voluntary Complia...
Service Tax : Further, the Committee, continuing with its efforts to update the members and also to partner the Government in its initiative, ha...
Service Tax : As you are aware, the Government in this year has brought one time amnesty scheme in service tax, namely, Service Tax Voluntary C...
Goods and Services Tax : The respondent is directed to issue separate show cause notices regarding six assessment years within a period of two weeks from t...
Service Tax : Issue under consideration is whether rejection of benefit under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 merely for ...
Service Tax : In one instance, the Designated Authority has asked a declarant, who has “tax dues” only for a part of the period covered by t...
Service Tax : The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect upon enactment of the Finance Bill 2013 on t...
Service Tax : In exercise of the powers conferred by sub-sections (1) and (2) of section 114 of the Finance Act, 2013 (17 of 2013), the Ce...
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
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.
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.
We recently had meeting with Member, CBEC during Interaction with various Trade Associations on 23.09.2013. The presentation was made by Department officials on Service Tax Voluntary Compliance Encouragement Scheme, 2013. For the benefit of all the professional colleagues, I am giving link to download Notification and forms. The copy of presentation is available on following […]
CA Tarannum Khatri VCES means gift to taxpayers by finance minister. Voluntary pay your tax and get many benefits. Period: 1st October 2007 to 31st December 2012 Eligibility: The person who has not received notice or order of determination u/s 72, 73 or 73A on or before 1st march 2013 is eligible under the scheme. […]
Service Tax has become the king in the sphere of the taxation in the mere future. Daily amendments and notifications at the same time, has regarded it as most complicated law and generated huge litigation.
Dr. Sanjiv Agarwal The Voluntary Compliance Encouragement Scheme, 2013 (VCES, 2013) has been introduced by Finance Act, 2013 by the Union Government as a one-time measure to serve twin objectives – to encourage voluntary compliance of tax return filing and payment of Service Tax by granting immunity from interest and penal provisions. With the passage […]
After our Post titled “ Service Tax VCES FAQ Booklet released by FM- Still the mystery “ the department has posted the same on its website. The booklet has tried to solve many of the doubts of the taxpayer but there are still many grey areas which are been ignored in the booklet. We have provided […]
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 reference, the statutory […]
Persons who are not liable to pay service tax (because of an exemption including turnover based exemption), are not required to file ST-3 return in terms of Circular No.97/8/07-ST dated August 23, 2007 and cited judgement. Even if service tax return is filed late/ failed to file return – No Penalty in terms of Rule 7C of the STR. For Nil return Assessee is not even required to opt for VCES.
