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Service Tax: Penalty norms encouraging voluntary compliance

Last Updated: Wednesday, June 3, 2015, 18:29

In case of voluntary payments along with interest, reduced penalty have been provided depending upon the stage of litigation i.e. Prior to issuance of show cause notice, after issuance of show cause notice but before adjudication or after adjudication.

Avail benefits under VCES, pay tax dues: FinMin tells industry

Last Updated: Friday, July 5, 2013, 22:22

To boost indirect tax collections, Revenue Secretary Sumit Bose Friday asked representatives of the industry to avail the benefits under Service Tax Voluntary Compliance Encouragement Scheme (VCES) 2013 and pay their dues.