Press Statement of the Finance Secretary on VCES

There has been an overwhelming response to the VCES . In the last four days, we have received over 16,000 applications involving Rs. 1500 crores of service tax dues. Upto 29-12-2013 we have received over 40,000 declarations involving over Rs 5500 crores. This would broadly correspond to Rs 55,000 crores of services, which have escaped… Read More

Tags: CommissioneratesFinance ActGovernmentPaymentService ProviderTaxation in IndiaVCESWorking time

Clarifications Regarding the Service Tax Voluntary Compliance Encouragement Scheme (VCES)

The Union Finance Minister Shri P. Chidambaram recently held interactive sessions at Chennai, Delhi and Mumbai to ascertain and address the concerns of trade on any aspect of the Service Tax Voluntary Compliance Encouragement Scheme (VCES). During these interactive sessions, the trade had raised certain queries and also expressed some apprehensions. Most of these issues have already been clarified in the… Read More

Tags: ChennaiDelhiFinance ActIncome statementMumbaiP. ChidambaramTown and Country Planning Act 1990VCES

Voluntary Compliance Encouragement Scheme for Service Tax Defaulters

The 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 eligible to make declaration under the Scheme… Read More

Tags: 30th June 201431st December 2013AccountingLok SabhaP. ChidambaramTaxTaxation in IndiaVCES

Clarifications regarding the Service Tax Voluntary Compliance Encouragement Scheme, 2013

Circular No.  170/5 /2013 - ST F. No. B1/19/2013-TRU (Pt) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit *****  New Delhi, dated the 8th August, 2013 To, Chief Commissioners of Central Excise and Customs (All), Director General (Service Tax), Director General (Systems), Director General (Central Excise Intelligence), Director… Read More

Tags: AhmedabadCentral Board of Excise & CustomsFinance ActGovernment of IndiaMumbaiNew DelhiOct 2007VCES

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