Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: articles on VAT and GST in India :: form 3cd :: ACCOUNTING STANDARDS :: VAT RATES :: TDS :: due date for vat payment :: list of goods taxed at 4% :: empanelment
 
 
Service Tax »
 GST rollout uncertainty hits Budget 2017 calculations
 GST now set for July 1 roll-out, dual control hurdle finally over
 Grant of Registration under DVAT and CST
 Do not raise service tax, says Chamber
 Excise, service taxpayers to migrate to GST portal by Jan 31
 Centre, state governments work on formula for 'GST on high seas'
 What is service tax?
 Tax to bring transparency, benefit companies operating in state, says Gujarat CM Vijay Rupani
 PAN a must for excise, service taxpayers for GST registration
  Service Tax for Internet Based Services in India from December 2016
 Way ahead for GST with certain provisions

Service tax payers declare Rs 42 crore liability
January, 10th 2014

The Voluntary Compliance Encouragement Scheme (VCES), 2013, which was closed on December 31, 2013, evoked good response in Patna central excise and service tax commissionerate. The target for the commissionerate, having jurisdiction over entire Bihar, was Rs 7 crore but due to vigorous efforts of the department officers, 497 applications declaring service tax liability amounting to Rs 42.16 crore were received of which Rs 22.71 crore were deposited up to December 31, which is 502% more than the target fixed for the commissionerate.

Central excise and service tax additional commissioner (headquarters), V C Gupta, said stern action has been be initiated against service tax evaders from January 1, 2014, onward by way of survey and search operations. "The service tax revenue realized during April to December 2013 is Rs 281 crore whereas the revenue collected during corresponding period in the last financial year was Rs 197.03 crore, which is 43% more of the previous year," he said.

Gupta said, "This scheme is a golden opportunity for tax evaders to pay all tax dues from the period October 1, 2007, to December 31, 2012, without interest, penalty and other legal proceedings including prosecution."

Under the scheme, which came into effect following enactment of the Finance Bill 2013, any person who has service tax dues to declare can make a declaration in terms of the provision of the scheme. If such person does not have service tax registration, he will be required to take registration before making such declaration.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

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