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: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: cpt :: empanelment :: list of goods taxed at 4% :: VAT Audit :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: form 3cd :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ACCOUNTING STANDARD
 
 
« Service Tax »
 Extension Of Provisional Attachment Under Service Tax Provisins
 How favourable will GST be for Karnataka?
 GST rate impact: Here’s how the new tax can carry a greater punch
 E-way Bill - movement of goods under GST
 How the GST rates will affect your money
 GST: The coming disruption in the wholesale trade
  Ways In Which GST Will Impact The Average Indian’s Wallet
 Goods done, GST Council seals tax rate on services
 Respite likely for businesses on e-way under GST
 Govt to strengthen agency under GST to check tax evasion
 1% tax at source under GST likely for online sellers

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 2017 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