Service Tax Voluntary Compliance Encouragement Scheme notified

The Central Government has issued rules regarding the form and manner of declaration, form and manner of acknowledgement of declaration, manner of payment of tax dues and form and manner of issuing acknowledgement of discharge of tax dues under the Service Tax Voluntary Compliance Encouragement Scheme, 2013

• Minimum amount to be paid on or before the 31st Dec, 2013 (50% of the tax dues)
• Remaining tax dues to be paid on or before the 30th June, 2014
• Any tax dues remaining unpaid as on 1st day of July,2014 shall be paid before the 31st December,2014 along with interest, as prescribed under section 75 or as the case may b, section 73B of the Finance Act, 1994 for the period of delay starting from the 1st day of July,2014.