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...
Union Finance Minister Shri. P. Chidambaram released a booklet containing Frequently Asked Questions (FAQ) on Service Tax Voluntary Compliance Encouragement Scheme, 2013 in New Delhi today in the presence of Revenue Secretary, Chairperson and other members of Central Board of Excise & Customs and media. He also released a Logo of Service Tax Voluntary Compliance Encouragement Scheme, 2013 on the occasion.
1. HISTORY OF VARIOUS OTHER SCHEMES Under Direct & Indirect Taxes The problem of black money corroding the economy of the country is not a new or recent problem. It has been there almost since the Second World War and it has been continuously engaging the attention of the Government. The Government has adopted various […]
Service Tax Voluntary Compliance Encouragement Scheme, 2013 provides the service tax defaulters with a golden opportunity to pay all ‘tax dues’ from the period 01.10.2007 to 31.12.2012 without interest, penalty and other legal proceedings including prosecution. For which such Assessees can Apply on or before 31.12.2013 in the prescribed format. Procedure for availing the VCES […]
Revenue Secretary Assures Trade and Industry Associations that their Concerns with Regard to Service Tax Voluntary Compliance Encouragement Scheme 2013 will be Duly Addressed The Revenue Secretary, Shri Sumit Bose said that the concerns of the industry relating to Service Tax Voluntary Compliance Encouragement Scheme (VCES) 2013 will be duly addressed and the necessary clarification(s) […]
1. Can a person file form VCES 1 by declaring NIL tax dues? ‐ No, a person cannot file form VCES 1 by declaring NIL tax dues. As per the provisions of the scheme, if a person has not paid the tax dues till 01st March, 2013 then he can apply for the scheme. However, if he has already paid the tax dues before 1st March, 2013 then he cannot apply for the scheme.
The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect upon enactment of the Finance Bill 2013 on the 10thMay, 2013. The said scheme provides an opportunity to any person whose service tax is due or has short paid and has not declared in his service tax return to pay only the service tax amount and get immunity from interest and penalty.
What is VCES? What is the effective date for implementation of the VCES? Who are eligible to apply under VCES? Who are ineligible to apply under VCES? What is the scope of Section 106 (2)(a)(iii) of the Finance Act, 2013? Whether a service provider who is not registered can apply under the VCES?
To widen the revenue base from indirect tax collections, the finance ministry has implemented a one-time amnesty scheme for service tax defaulters to pay their dues without any penalty or late payment charges. The Voluntary Compliance Encouragement Scheme (VCES), which came into force after the passage of the Finance Bill on May 10, can be […]
Hon’ble Union Minister of Finance has proposed a Service Tax Voluntary Compliance Encouragement Scheme, 2013 in Finance Budget 2013. The Scheme is applicable for the tax dues not paid for the period 1st October 2007 to 31st December 2012.
The finance bill 2013 has announced the voluntary compliance scheme to be introduced to encourage voluntary compliance and broaden the tax base. However the actual rules and scheme were to be announced later. With the passing of bill on 10.05.2013, central government on 13.05.2013 has come up with the scheme and rules there under. Here is the summary of provisions of same.
