Thursday 14 March 2013

Benefits available to defaulters under Service Tax by BUDGET 2013

NEW VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME, 2013 (VCES) under Service Tax by BUDGET 2013

A new scheme is proposed to be introduced to encourage voluntary compliance main features:
The scheme can be availed of by non-filers or stop-filers or persons who have not made a truthful declaration in their return. 
but to promote voluntary compliance interest and penalties is exempted if they pay their dues truthfully by 30June/31Dec. 2014

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