Service Tax : Whether an appeal under Section 85 of the Finance Act, 1994) would lie as against the Rejection Order of declaration passed by the...
Service Tax : Sadguru Construction Co. (the Petitioner)is a partnership firm engaged in the business of construction. On March 8, 2013, preventi...
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 : A clarification was sought as to whether the first instalment of tax dues paid (Minimum 50% of tax dues) under the Service Tax Vol...
Service Tax : The Performance Audit of CAG revealed deficiencies in the design and enabling provisions of the Service Tax Voluntary Compliance E...
CA, CS, CMA : As you may be aware, Voluntary Compliance Encouragement Scheme, 2013 was introduced vide Chapter VI of the Finance Bill, 2013, to ...
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 : Explore CESTAT Ahmedabad's decision in Archna Traders vs. C.C.E. & S.T. on denial of VCES Scheme benefit under Section 106 of Fina...
Service Tax : Bombay High Court held that SVLDR Scheme covers not only tax but also interest, penalty. Hence, declaration under SVLDR in respect...
Service Tax : CESTAT Delhi held that an audit report cannot be regarded as an order of determination under Voluntary Compliance Encouragement Sc...
Service Tax : The issue in this appeal is whether the benefit of VCES-Voluntary Compliance encouragement Scheme, 2013 have been rightly denied t...
Service Tax : Declaration made by the petitioner under the Voluntary Compliance Encouragement Scheme, 2013 has been rejected in terms of the ord...
Service Tax : Trade and Industry has sought clarification as to whether the first installment of tax dues paid under Voluntary Compliance Encour...
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 from 10.5.2013. Most of the issues raised wi...
Service Tax : The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect from 10.5.2013. Some of the issues raised wi...
Service Tax : The Service Tax Voluntary Compliance Encouragement Scheme 2013 was introduced in the Budget 2013-14. The Scheme has since been not...
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 […]
The petitioner has demonstrated that he fulfils the eligibility conditions of VCES, 2013 and that unless the application is considered and decided, no proceedings under Section 87 may be allowed to continue. The object of the Service Tax VCES, 2013 may be defeated, if the recovery is allowed to proceed.
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. […]
Voluntary Compliance Encouragement Scheme for Service Tax DefaultersThe Service Tax Voluntary Compliance Encouragement Scheme (VCES) has been brought into effect from 10.05.2013 to encourage voluntary compliance and broaden the service tax base by waiver of interest, penalty and any other consequences to a stop filer, non-filer or non-registrant or any other service provider who is […]
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.
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.
