Servicetax amnesty scheme
ashok thakker
(Querist) 31 March 2013
This query is : Resolved
Can i submit declaration in amnesty scheme of Service Tax, even if nil returns submitted earlier ?
When this scheme is going to be announced ?
pl enlighten and oblige...
regards,
ashok thakker
Arjunsingh Saoji
(Expert) 01 April 2013
The scheme as announced in the Union Budget 2013 was only for non-filers who are currently out of the service tax net.
Currently, assessees against whom audit or investigations are on could opt for the compounding available under section 89.
The scheme can be availed by non-filers or short-filers (those have filed returns but have not paid dues or people who have not made truthful declaration of their return).
In its detailed guidelines outlined by the ministry till date, the defaulter of service tax opting for the scheme will have to deposit at least half the pending dues by December 2013 and the rest by June 30, 2014 without interest. Under the guidelines, full and final payment will have to made by December 31, 2014 with interest from July 1, 2014 on the remaining amount.
If the service tax payers comply with such conditions, there will be immunity from penalties and other proceedings against them. However they are required to make truthful declarations of all pending dues from October 2007 to December 31, 2012.
ashok thakker
(Querist) 01 April 2013
thanks and regards,
ashok thakker
