Ssi exemption
This query is : Resolved
Sneha dagli
(Querist)
16 December 2013
is there exemption limit of 10lacs available for dealers filing return under amnesty scheme?
Nikhil Kaushik
(Expert)
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!!
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
(Expert)
16 December 2013
yes the exemption of Rs 10 lacs for 1st year of tax is allowed under VCES
Nikhil Kaushik
(Expert)
16 December 2013
Vikas Ji,
can you please refer to the appropriate section or clause. Will help in updating my knowledge.
can you please refer to the appropriate section or clause. Will help in updating my knowledge.
CA Vikas Acharya
(Expert)
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.
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
(Expert)
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..
I asked you just to check if I am missing any clause of the scheme or not. Thanks..
17 December 2013
Yes it is allowed in 1 st year of tax under VCES.
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