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  NEWS FLASH    
 
VCES - Provisions of s.37C of CEA has no application - if summons u/s 14 has been issued, inquiry in respect to ST not paid shall be stated to have been initiated - Application rightly rejected: HC (See 'Latest on VCES')An open letter to Finance Minister (See 'North Block on VCES')Rejection of VCES declaration on ground that issue was detected from audit of third party unit conducted before cutoff date - As on date when application was filed, there was no audit as against petitioner - Rejection order set aside: HC (See 'Latest on VCES')Will Budget 2014 do something about judicial indiscipline? (See 'Latest on VCES')Things we wish to see in the budget (See 'Latest on VCES'CX - Eveready Rechargeable - packing rechargeable battery with chargers in blister packs - applicant claims that no 'manufacture' occurs due to packing & branding exercise & that they are paying ST & have also filed application under VCES - pre-deposit waived: CESTAT (See 'Latest on VCES'ST VCES, 2013 - what if declarant couldn't pay the 50% 'tax dues' on 31/12/2013 (See 'Commentary')VCES 2013 - CBEC clarifies e-payments can be made till midnightVCES - CBEC mops up Rs 5500 Cr so far; Counters to remain open till midnight tomorrow: Revenue Secretary (See 'North Block on VCES')VCES, 2013 ends tomorrow - countdown begins (See 'Commentary')Ahmedabad Service Tax arrest a Builder for Rs 2.5 cr tax evasionVCES - Department remains open on Saturday & SundayVCES - CBEC receives 22000 applications and collects Rs. 3800 CrsVCES - Declarations rejected are appealable: HC (See 'Latest on VCES')VCES - more than 17000 declarations received and Rs 3150 Cr revenue collected Vadodara Central Excise resorts to traditional style of campaigning (See pictures in ‘Paparazzi on VCES’)VCES: About 15000 applications received; More than Rs 2800 Cr garneredVCES - Hyderabad Service tax kiosk attracts declarants (See 'Latest on VCES')ST VCES, 2013 – Board Circular 8/8/2013 goes for a toss - Order passed by designated authority is appealable, holds P&H High Court (See 'Latest on VCES')VCES inches closer to deadline; one more service tax evader arrested (See 'Latest on VCES')Service Recipients also entitled to apply for ST VCES, 2013 (See 'Commentary')VCES tempo on the rise; About 11000 applications received & Rs 2300 Cr garneredAppeal can be filed against rejection of ST VCES Declaration (See 'Commentary')VCES Woes - II (See 'Commentary)FM asks industry to grab VCES - a life-time Scheme (See 'North Block on VCES')FM terms VCES as rare opportunity; urges Bangalore trade to make fresh startVCES, 2013 - Payment of 'tax dues' through CENVAT Credit before ST VCER, 2013 were notified (See 'VCES Queries for CBEC')VCES - Declaration - Does it mean filing of ST 3 returns for last five years? (See 'Latest on VCES')VCES Woes - I (See 'Commentary)CBEC Pavilion Receives Bronze Medal at Indian International Trade Fair, 2013 (See 'Latest on VCES')Service Tax - FM needs to expand ambit of Amnesty for recalcitrant 'Honesty'! (See 'Commentary')VCES Pavilion of CBEC selected for Award by ITPOVCES: Trade throws a volley of questions at FM; CBEC issues detailed clarifications (See 'Latest on VCES')CENVAT Credit of Service Tax paid under VCES, 2013 (See 'Commentary')Looking for VCES ke Laddoo? - Visit CBEC Pavilion at Pragati Maidan (See 'Latest on VCES')CBEC receives 7000 VCES applications & mops up Rs 1675 Cr so farScripting a Success story for VCES, 2013 - Yes, we can! (See 'Commentary')CBEC sets up VCES stall at Hall No 18 at Pragati Maidan in DelhiCan VCES be still made a success? (See 'Commentary' column)VCES & CENVAT Credit - The Mysore Chapter (See 'VCES In Brief')Delhi has received only 506 VCES applications out of 5000: Finance Minister (See 'North Block on VCES')VCES - Cases booked after 01.03.2013? (See 'VCES in Brief')
 
  NORTH BLOCK ON VCES  
 
An open letter to Finance Minister
By Pritam Mahure, CA
New Delhi, JUL 03, 2014

DEAR Finance Minister, I write to you to let you know that one of the biggest challenges for an Indian manufacturer or service provider is complying with uncertain tax provisions particularly in excise duty, service tax etc. On behalf of Indirect Taxpayers I am urging you to address the following key indirect tax issues:... Read More

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  LATEST ON VCES  
 
AHMEDABAD, DEC 09, 2014
VCES - Provisions of s.37C of CEA has no application - if summons u/s 14 has been issued, inquiry in respect to ST not paid shall be stated to have been initiated - Application rightly rejected: HC
CHENNAI, DEC 05, 2014
Rejection of VCES declaration on ground that issue was detected from audit of third party unit conducted before cutoff date - As on date when application was filed, there was no audit as against petitioner - Rejection order set aside: HC
NEW DELHI, JUL 06, 2014
Will Budget 2014 do something about judicial indiscipline?
NEW DELHI, JUL 02, 2014
Things we wish to see in the budget
More News
 
   
List of CBEC Officers notified as Designated Authority
  VCES QUERIES FOR CBEC  
 

VCES, 2013 - Payment of 'tax dues' through CENVAT Credit before ST VCER, 2013 were notified.

THE Service Tax VCES, 2013 came into effect on 10.05.2013 and the Service Tax Voluntary Compliance Encouragement Rules, 2013 came into force w.e.f 13.05.2013 by Notification 10/2013-ST

Rule 6 of the Rules reads-

6. Payment of tax dues.-

(1) The tax dues payable under the Scheme along with interest, if any, under section 107 of the Act shall be paid to the credit of the Central Government in the manner prescribed for the payment of service tax under the Service Tax Rules, 1994.

(2) The CENVAT credit shall not be utilised for payment of tax dues under the Scheme.

As the aforesaid condition of “non-utilisation of CENVAT credit” for payment of tax dues under the Scheme was formulated only on 13.05.2013, in case a declarant has paid “such tax dues” by utilizing CENVAT credit during the period 10.05.2013 to 12.05.2013, what should he do? Take a re-credit in his CENVAT account and pay afresh in cash? Re-credit, the department will not allow by citing the LB decision in BDH Industries [2008-TIOL-1211-CESTAT-MUM-LB]. So, what is the solution.

Will the CBEC please clarify?

More Queries

 
  COMMENTARY  
 
ST VCES, 2013 - what if declarant couldn't pay the 50% 'tax dues' on 31/12/2013
By S T Vishesh

A client approached us for settling his tax dues under the ST VCES. On 26/12/2013, he filed an application for Service Tax registration in form ST-1.

He waited for the form ST-2 but did not receive it. He contacted the officer concerned enquiring about the Registration Certificate but he did not express any concern.

The last date of filing Form VCES-1 was 31/12/2013 and so we filed it on that date and declared the "tax dues"... Read More

More Commentaries

 
   
  VCES IN BRIEF  
 
MYSORE, NOV 14, 2013
VCES and CENVAT Credit - The Mysore Chapter
NEW DELHI, NOV 12, 2013
VCES - Cases booked after 01.03.2013?
HYDERABAD, NOV 12, 2013
Hyderabad II Commissionerate gets Rs 15.7 Cr in one VCES Declaration
More News
 
   
 VCES TAXPAYERS SPEAK
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Kolkata Service Tax stall catches eyeballs.

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