Vces

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Querist : Anonymous

Querist : Anonymous (Querist)

22 May 2013 To whom VCES scheme is applicable?
Is there any particular category of person to whom this scheme applies??

CA Vikas Acharya

CA Vikas Acharya (Expert)
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25 May 2013 This scheme is for all those assessees who have neither paid the service tax, neither filed any returns nor have not been served any notice or order. Importantly even the cases where there is enquiry already in progress may not be covered under the said scheme.

1. VCES scheme is applicable in respect of tax dues for the period 01.10.2007 to 31.12.2012. For the period from 01.01.2013, the regular provisions of the Act shall be applicable and no amnesty under this scheme would be provided.

2. The option of claiming amnesty under this scheme has to be exercised by the eligible assesseeby filing a declaration to designated authority. Such declaration shall be filed on or before 31st December 2013. (Designated Authority and Prescribed form to be notified)

3. VCES scheme shall not be available to the following categories of the person:

i. Any person to whom any notice or order has been issued before 01st March 2013.

ii. Any person who has filed the returns disclosing his true liability and not discharged the service tax amount shown in the same.

iii. Amount unpaid pertains to subsequent period of the same issue for which a notice is service or an order is passed for the previous period.