Govt won't extend service-tax amnesty scheme beyond Dec 31

Written By Unknown on Senin, 30 Desember 2013 | 15.45

The government will not extend its Voluntary Compliance Encouragement Scheme (VCES) beyond its original December 31 deadline, Revenue Secretary Sumit Bose told reporters on Monday.

The VCES was launched in a bid to make service tax defaulters to pay up and tax authorities received about 40,000 applications totaling up to Rs 5,500 crore, Bose said.

Also read: VCE Scheme is your last chance: FM to service tax evaders

Tax offices were working through Saturdays lately, and even on December 29 – a Sunday – the revenue secretary added, but ruled out an extension.

Under the scheme announced in the union budget this year, defaulters were allowed to pay 50 percent of their dues between 2007 and 2012 without late payment penalties and interest.

Imploring those who had not paid up yet to make it before December 31, Bose said after the deadline expiry, authorities would look to take stern action against tax evaders.



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