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% :: VAT Audit :: VAT RATES :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: TDS :: due date for vat payment :: form 3cd :: empanelment
« Service Tax »
 Service Tax On Hotels And Restaurants – Recent Delhi High Court Judgment
 GST Council discusses 4-tier tax rate, cess on demerit goods
 Why you shouldn’t miss these three simple tax saving options beyond Section 80C
 Determination of value for transactions between the Related parties under GST Laws.
 Higher collections can offset GST losses
 GST to subsume over a dozen Central, State taxes
 Incidence of indirect taxes won't go up under GST
 Advanced Budget date: Absence of a GST rate may present estimation challenges
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
 FinMin warns tax officials of action against GST protest
 Model GST Law may redefine employer-employee relationship

Government warns service tax evaders
September, 18th 2013

The Central Government has advised service tax evaders to take benefit of its amnesty scheme to avoid harsh action against them.

The tax defaulters will be "hit hard" if they failed to pay their dues, Revenue Secretary Sumit Bose today said.

The Finance Minister, P Chidambaram, in the Budget introduced the Voluntary Compliance Encouragement Scheme (VCES) to motivate service tax assesses who had not filed returns or stopped filing returns, and not paid service tax dues from October 2007 to March 31, 2012.

"There is no target for VCES but the department has so far received more than 1,000 applications. The assessees have been given the option of paying the dues in instalments by December 2013," he said here.

Last year, the Government collected Rs 1,24,000 crore in service tax and this fiscal the target has been set at Rs 1,81,000 crore, Bose told reporters.
The Revenue Secretary said the Centre has undertaken an exercise to enlighten the tax assessees on VCES.

As part of this exercise, Bose interacted with a group of members of the business community and trade organisations, chartered accountants and manufacturing houses here.

Bose heard their grievances and asked them to send representations, and if needed, meet him personally.

Under the scheme, the defaulters will be required to make a declaration of all pending service tax dues from October 1 2007 to December 31, 2012 and pay at least 50 per cent of that before December 31, 2013. The remaining 50 per cent is to be paid by June 30, 2014 without interest.

Payment after that will attract interest, Bose said.

The Secretary had earlier said failure to pay service tax will attract penal action which could include arrest, prosecution and property attachment.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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