Nov 282013

The Service Tax Department has issued a new Circular No 174/9/2013 – ST dtd 25th November 2013 , regarding the new Voluntary Compliance Encouragement Scheme 2013 (VCES 2013). The unresolved issues raised by assessees have been clarified in this circular.

The Circular is reproduced below :-

Download (PDF, Unknown)


May 242013

The Central Board of Excise and Customs has issued a new circular No 169/4/2013 dtd 13/05/2013 providing few clarifications with regard to the Service Tax Voluntary Compliance Encouragement Scheme , 2013.

The following are the clarifications issued :-

1) A person who has not already registered with the Service Tax Department , he can first register himself as an assessee and after the same , he can make a declaration under this scheme.

2) The person doing as above will also be provided immunity under the VCES.

3) As assessee to whom show-cause notice or order of determination u/s. 72,73 or 73A has been issued cannot make use of this scheme.

4) A mere communication from the Department for filing of returns (or) seeking information from the assessee would not lead to rejection of declaration under this scheme.

The relevant circular is reproduced below :-

Service Tax VCES Circular

Download (PDF, Unknown)

May 152013

The Central Government has issued a Notification No 10/2013 – Service Tax dtd 13 th May 2013 prescribing the rules for the Service Tax Voluntary Compliance Encouragement Scheme 2013.

The Salient features of these forms are :-

1) It shall come into force on the date of its publication in the Gazette of India.

2) Any person who wishes to make use of the scheme should, if not already registered, shall first register as an Service Tax Assessee and only after the registration is done, the declaration under this scheme shall be made.

3) The Declaration under this scheme shall be made in Form VCES – 1

4) Acknowledgement of declaration shall be issued in Form VCES-2, within a period of 7 working days from the date of declaration.

5) The Cenvat Credit shall not be utilised for payment of tax dues under the scheme.

6) The Service Tax authority shall issue an acknowledgement of discharge in Form VCES-3. This acknowledgement shall be issued within 7 working days from the date of furnishing the details of payment of tax dues in full along with interest, if any , by the declarant.

The relevant Notification is reproduced below :-

Download (PDF, Unknown)

B S Sridhar & Co., Contact us @ 91-44-45540180 / 91-90804 33131. 

For Quick Response email :-

WP to LinkedIn Auto Publish Powered By :

Subscribe to our Email alerts for getting regular updates on GST, Income-tax, Corporate Law, Tax Planning, ,Investments, RBI Guidelines, VAT Laws , etc.,

Enter your email address: Delivered by FeedBurner