Interest payment on volunatry compliance scheme
This query is : Resolved
CMA Rashid Mustafa
(Querist)
21 September 2013
Whether it is required to pay Interest on service tax dues payment under voluntary compliance encouragement scheme ?
Arun Kumar Singh
(Expert)
21 September 2013
Interest will not be applicable under voluntary compliance encouragement scheme.
Message likes :
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CMA Rashid Mustafa
(Querist)
21 September 2013
Rule 6 of service tax volintary complince encoursement scheme rules,2013.
Privide as under:
The tax dues payble under the scheme along with intrest, if any, under section 107 of the Finance Act,2013,shall be paid to the credit of the central Govt. in the manner prescribe for the payment of service tax under the service tax rules 1994.
For Ex. Amount dues under VCS Rs. 100000 how much interest is payable
Privide as under:
The tax dues payble under the scheme along with intrest, if any, under section 107 of the Finance Act,2013,shall be paid to the credit of the central Govt. in the manner prescribe for the payment of service tax under the service tax rules 1994.
For Ex. Amount dues under VCS Rs. 100000 how much interest is payable
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