Only 2,900 service tax payers in Bihar, Jharkhand If you are a service provider but yet to shell out your service tax, then paying at least half of the total tariff before December 31 under the Voluntary Compliance Encouragement Scheme (VCES), 2013 would save you from any interest or penalty. In fact, with a 12% service tax levied on all services having over Rs 10 lakh annual turnover, except the few mentioned in the negative list, the central excise and service tax commissionerate, Patna, is trying to net in potential defaulters. Taxmen are eyeing services such as coaching institutions, restaurants and hotels, construction services, security and other manpower supplying agencies, those renting property for commercial purposes, tent and catering services etc and urging them to take advantage of the VCES to avoid prosecution. Till now, only 109 persons in Bihar and Jharkhand have come forward to register for paying service tax under the scheme.In total, there are only 36,000 assessees in Bihar and Jharkhand who are registered for central excise payment while the corresponding figure for service taxpayers stands at 2,900.
Posted on: Fri, 18 Oct 2013 02:28:44 +0000
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