Ssi exemption

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Sneha dagli

Sneha dagli (Querist)
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16 December 2013 is there exemption limit of 10lacs available for dealers filing return under amnesty scheme?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 December 2013 the amnesty scheme becomes applicable only if service tax is payable ie that services provided were in excess of Rs 10 lakhs but not paid.

So if you liable to pay, the exemption limit is anyways not applicable to you. If you are not liable to pay the amnesty scheme is not applicable!!

CA Vikas Acharya

CA Vikas Acharya (Expert)
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16 December 2013 yes the exemption of Rs 10 lacs for 1st year of tax is allowed under VCES

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 December 2013 Vikas Ji,

can you please refer to the appropriate section or clause. Will help in updating my knowledge.

CA Vikas Acharya

CA Vikas Acharya (Expert)
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16 December 2013 under VCES all the other rules and regulations of service tax will be applicable as in case of normal situation except those specifically exempted in vces rules, like intt penalty, proceedings.

therefore ssp exemption of 33/2012 or earlier 6/2005 will remain applicable.

I have given the answer with the understanding that query of sneha is regarding whether the ssp exemption available to those filing in VCES.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 December 2013 ok. I answered on the understanding that VCES wont apply if SSI is applicable as there won't be any tax payable!!

I asked you just to check if I am missing any clause of the scheme or not. Thanks..