Articled Assistant
301 Points
Joined July 2012
VCES WAS A SCHEME BY WHICH....
SERVICE TAX LIABILITY FROM 2007-2012 CAN BE SETTLED BY DISCLOSING ALL LIABILITIES FOR THE SAID 5 YEAR.
LAST DATE 31.12.2013 , VCES 1 TO BE FILED ALONG WITH 50% AMOUNT .
NEXT 50% SHALL BE PAID BEFORE JUNE 30.
VCES 2 WILL BE PROVIDED BY DEPARTMENT ONCE THEY ACCEPT IT.
IT WAS A GOLDEN OPPORTUNITY FOR THOSE WHO WERE NOT UPDATE WITH SERVICE TAX REGISTRATION, DUES, RETURNS ETC.
ABOUT 5500 CRORES RUPEES WAS COLLECTED UNDER THIS SCHEME.