service tax Amnesty Scheme - Page 3

VCES – History, Need, Practical Problems, Clarifications / Issues Given By ICAI

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 […]...

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Procedure for availing the VCES scheme

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 pr...

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Concerns related to Service Tax VCES Scheme will be Duly Addressed

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 d...

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FAQ’s on Service Tax Amnesty Scheme (VCES)

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 ...

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Voluntary Compliance Encouragement Scheme- Steps for Compliance and FAQ

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 immun...

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Overview of Service Tax Voluntary Compliance Encouragement Scheme, 2013 – Series 1

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? ...

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Brief on Service Tax Voluntary Compliance Encouragement Scheme, 2013

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 b...

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Gist of Service Tax Voluntary Compliance Encouragement Scheme, 2013

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....

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Summary of Service Tax Voluntary Compliance Encouragement Rules, 2013

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...

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All about Service Tax Voluntary Compliance Encouragement Rules, 2013

The Finance Act, 2013 has provided Amnesty Scheme for Non Filers and Stop Filers. Purpose of this scheme -To encourage voluntary compliance and broaden the taxbase. Section 94 to 104 of Chapter VI of Finance Act, 2013 provides legal backing to this Amnesty Scheme....

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