CBEC as a measure of public facilitation has issued the booklet on VCES. The provisions of the Finance
Act 1994, rules made there under, notifications and circulars or instructions of the Boards shall prevail over the answers provided in this booklet in case of any contradiction.
The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has been announced in this year’s budget. It has come into effect from 10.5.2013. The objective of this Scheme is to encourage disclosure of tax dues and compliance of service tax law by the persons who have not paid service tax dues for the period from Oct. 2007 to Dec.2012, either on account of ignorance of law or otherwise.VCES is the opportunity for such persons to pay the “tax dues” and come clean. On payment of “tax dues” relating to the period under VCES, there will be a complete waiver of interest, penalty and other consequences.
During the course of interaction with the trade associations on the VCES, certain issues have been raised
for clarification and apprehensions have been expressed regarding certain provisions of the Scheme. These issues have been examined and the response of the department has been compiled in the form of Frequently Asked Questions (FAQ’s) in this booklet. For ease of reference, the statutory provisions and the ST VCES Rules containing the VCES forms are also included in the booklet.
Download the booklet on VCES
Act 1994, rules made there under, notifications and circulars or instructions of the Boards shall prevail over the answers provided in this booklet in case of any contradiction.
The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has been announced in this year’s budget. It has come into effect from 10.5.2013. The objective of this Scheme is to encourage disclosure of tax dues and compliance of service tax law by the persons who have not paid service tax dues for the period from Oct. 2007 to Dec.2012, either on account of ignorance of law or otherwise.VCES is the opportunity for such persons to pay the “tax dues” and come clean. On payment of “tax dues” relating to the period under VCES, there will be a complete waiver of interest, penalty and other consequences.
During the course of interaction with the trade associations on the VCES, certain issues have been raised
for clarification and apprehensions have been expressed regarding certain provisions of the Scheme. These issues have been examined and the response of the department has been compiled in the form of Frequently Asked Questions (FAQ’s) in this booklet. For ease of reference, the statutory provisions and the ST VCES Rules containing the VCES forms are also included in the booklet.
Download the booklet on VCES
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