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 details of payment to the department, the department is not issuing VCES 3 on the pretext of certain queries and clarification sought from the assessee relating …
VCES 2013 – CLARIFICATION ON ISSUING OF VCES -3 BY DEPARTMENT Read More »
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 VCES, 2013 and get the benefit of immunity from Interest & Penalty? Our View :- No, in this case the assessee cannot file a declaration under …
SERVICE TAX VCES, 2013 : Issues of Tax Paid before VCES? Read More »
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 Board vide circular No. 169/4/2013-ST, dated 13.5.2013. Subsequently, references have been received by the Board seeking further clarifications as regards the scope and applicability of the Scheme. The …
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 filling the return of HY 2 of 2012-13 is 31-08-2013. The templates have been amended to incorporate the new negative list regime under the Service Tax …
As per Section 44 AD of Income Tax Act, 1961:- If an “Eligible Assessee” i.e. an Individual, HUF or Partnership Firm (for detail refer note 1 below) whose gross receipts from the “Eligible Business” (for details refer note 2 below) during the previous year are less than equal to Rs. 1 Crore – then he …
The central government has introduced “Service Tax Voluntary Compliance Encouragement Scheme, 2013” herein after referred to as VCES, 2013 – for the benefit of large number of Service Tax defaulters who could not comply and pay tax and are facing huge penalties and interest burden on their Service Tax Liability for the period from 01-10-2007 …
The central government has introduced the concept of Negative List w.e.f. 01-07-2012, under which all persons providing any SERVICE which is not covered under the Negative List (Sec. 66 D) or Mega Exemption Notification (Notification No. 25/2012 dated 20-06-2012) shall be liable to pay Service Tax, subject to an exemption of the Threshold Limit of …