VCES 2013 – CLARIFICATION ON ISSUING OF VCES -3 BY DEPARTMENT

There is a constant problem faced by the declarant that despite of the deposit of full tax dues as per the Declaration made by him and furnishing of the...

REQUIREMENT FOR VAT/SALES TAX REGISTRATION IN RAJASTHAN

Every person, who carries on business in any capacity, of buying, selling, supplying or distributing goods directly or otherwise, or making purchases or sales as defined in clause (35)...

WORKS CONTRACT SERVICE : PROBLEMS IN DECLARATION UNDER VCES 2013

Before we discuss the problems faced by an Assesee engaged in the Works Contract Service and intends to make a declaration under VCES, 2013, we must understand the Taxability...

SERVICE TAX VCES, 2013 : Issues of Tax Paid before VCES?

ISSUE 1 : Assessee has paid 100% Tax before enactment of VCES, 2013 but failed to file the ST return. Query – Whether the assesse can file a declaration under...

SERVICE TAX VCES, 2013 – CLARIFICATIONS

The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect from 10.5.2013. Some of the issues raised with reference to the Scheme have been clarified by the...

WEALTH TAX ACT, 1957 – A BIRD’s EYE VIEW

Wealth tax is levied on individuals, Hindu Undivided Families (HUFs) and companies who possess net wealth in excess of Rs. 30 Lakh on March 31st of every year. The...

CHANGES IN THE REVISED SCHEDULE VI OF THE COMPANIES ACT, 1956

Revised Schedule VI is applicable on all companies except insurance or banking company, or any company engaged in the generation or supply of electricity. The highlights of the changes...

STEP-BY-STEP PROCEDURE FOR E-FILLING OF INCOME TAX RETURN

The government earlier in May this year, has made the E-filing of Income Tax Return compulsory. The rule is applicable w.e.f. A.Y. 2013-14 for the persons having assessable income...

FAQ : SERVICE TAX VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME, 2013

About VCES, 2013 Service Tax Voluntary Compliance Encouragement Scheme, 2013 has been proposed by the Finance Minister in budget for the year 2013-14, to encourage the defaulters of Service...

SERVICE TAX RETURN FILLING TEMPLATES RELEASED

Service Tax Department has released the templates for E-Filling of the Half Yearly Service Tax Return for the period from 01-10-2012 to 31-03-2013 and onwards. The last date for...

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