Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: VAT Audit :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: due date for vat payment :: list of goods taxed at 4% :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: form 3cd
 
 
Service Tax »
  Changes In Central Goods And Services Tax Rules, 2017
 GST return filing to be a breeze for small businesses
 Changes In Central Goods And Services Tax Rules, 2017
 Simple tax made complex
 Govt may review monthly GST return filing process
 Central Goods and Services Tax (Eleventh Amendment) Rules, 2017
 Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 120A of the Central Goods and Service Tax Rules, 2017
 Composition Scheme - the Central Goods and Services Tax (Removal of Difficulties) Order, 2017
 Govt asks taxpayers to file GST return for July by Tuesday
 FAQ On Government Services Under GST
 Income Tax Appellate Tribunal, Visakhapatnam Bench List Of Division Bench Cases Posted Before During The Period From 03rd Octombar To 13th October , 2017.

Defaulters rush to pay service tax as Dec 31 deadline nears
December, 25th 2013

Service tax offenders have made a last minute dash for the much-touted amnesty scheme after the government made it clear it will not extend the December 31 deadline. "The scheme has received huge response in the last week...We expect more applications in the remaining five days," said a finance ministry official.

Service tax authorities received 6,821 declarations in the last five days, involving a tax of Rs 957.38 crore. The total number of declarations so far is 21,685 with a tax inflow of Rs 3,761.62 crore, which is expected to go up in the remaining five days, the official said.

Finance minister P Chidambaram has repeatedly urged service tax defaulters to take advantage of the amnesty scheme announced in the budget and come clean. "Countdown has begun and the last date is December 31. Government has made a fair and generous offer, a one-time offer that is not likely to come your way for at least a couple of decades.

Therefore, it is in the best interest of everyone to take advantage of the offer," he had said in his industry interaction at Bangalore.

The Voluntary Compliance Encouragement Scheme (VCES) promotes self-declaration of tax dues to bring people back into the tax fold. Under the scheme, defaulters have to pay at least 50% of arrears for the five-year period ending 2012 and the balance in another six months without interest.

The finance ministry also relaxed eligibility conditions for the scheme allowing for waiver of penalty for service providers who had paid tax arrears prior to its implementation. The government had detected about 10 lakh non-filers or stop filers of service tax. Collecting service tax in excess of Rs 50 lakh and not depositing it with the government is now a nonbailable offence that attracts imprisonment up to seven years.

Service tax has emerged as a major source of revenue and the government proposes to collect Rs 1.8 lakh crore in the current fiscal, up from Rs 1.3 lakh crore last fiscal. The tax, which was introduced in 1994 with a levy on three services, is now levied on all services except those in the negative list or specifically exempted since 2012.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions