Vces

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This query is : Resolved

SWANAND AGASHE (Querist)

29 December 2013 I have paid Rs. 5 lacs as service tax on 30.09.13. I am applying for vces on 30.12.2013. following are my queries.... 1. as per vces 50% amt shud be paid, can I claim that amt as paid under vces? 2. is it mandatory to apply for vces before 31.12... I mean can I pay amt before 31.12 and apply after 31.12? 3. if there is nothing payable... can we get immunity against non filing of nil st3 under vces? 4. we can't revise st3 after 90 days... in that case if we already filed st3 as nil and later on under vces paid stax dues... is there an immunity against this also kindly reply sir

Nikhil Kaushik

Nikhil Kaushik (Expert)

30 December 2013 1. yes, as on today, 31 december is the last date for applying for VCES

2. I wonder how would you claim that Rs 5 lakhs paid on 30 September was paid for VCES??? I dont think you can

3. No, VCES shall be applicable only and only if tax was payable. If no tax is payable, VCES cannot in invoked.

4. if the return you are referring to is for the period covered under VCES, then no need to revise the return, whatever additional amount is payable, include in the VCES declaration.

Immunity shall be available only when you comply with VCES provisions in totality.

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