The Government has collected nearly ₹3,962 crore under the service tax amnesty scheme since its inception in this fiscal, Parliament was informed today.
A total of 66,062 applications were received under the VCES scheme, amounting to a tax collection of ₹3,961.51 crore, as per data tabled by Minister of State for Finance JD Seelam said in the Lok Sabha.
Service Tax Voluntary Compliance Encouragement Scheme (VCES) was introduced in May, 2013 as a one-time amnesty scheme to pay service tax dues for the period between October 1, 2007, to December 31, 2012, without interest and penalty.
Source:thehindubusinessline
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