11 December 2013
Hi can anybody tell me how the payment of VCES is to be made.The client has got VCES 2, now 50% payment is to made.The deparment is not giving me a specified anwser.
You have to make 50% of the declared "tax dues" before 31.12.2013 and the balance 50% by 30.06.2014. If not paid the full amount by 30.06.2014, the with interest by 31.12.2014. You have to pay the tax dues through GAR-7 challans and cenvat credit can not be used for making payment of the tax dues under VCES.
CAclubindia
