Latest News
-
Mandatory Testing for Indian Spices Destined for Singapore, Hong Kong After Ban -
TRAI Advocates for Enhanced Telecom Infrastructure Sharing Among Licensees -
LTIMindtree Reports Slight Q4 Profit Dip, Optimistic About Upcoming Growth -
Axis Bank Announces Q4 Net Profit at Rs 7,599 Crore Amid Deposit Accretion Worries -
hBits Expands to Pune with CyberCity Magarpatta Acquisition, Eyes Investment Opportunities -
India's First Green Hydrogen Pilot Project Goes Live at Nathpa Jhakri -
DCB Bank Q4 Results: PAT Grew 9% To Rs 156 Cr, NII Jumps 4.5%; Dividend Declared -
RBI Halts New Customer Onboarding at Kotak Mahindra Bank Over IT Compliance -
Macrotech Developers' Annual Profit Triples Despite Q4 Dip -
DoT Engages TRAI for Equitable Satcom Spectrum Allocation Guidelines
Service tax offices to remain open on Dec 28-29
The last date for filing declaration under Voluntary Compliance Encouragement Scheme (VCES) is on or before December 31, 2013.
"In order to enable trade and industry to file declarations well in time before December 31, 2013, and also to avoid last minute rush, all the offices handling Service Tax shall remain open on December 28 and 29 (Saturday and Sunday respectively)," the Finance Ministry said in a statement.
The government had launched the VCES to give an opportunity to service tax defaulters to pay dues and come clean. Finance Minister P Chidambaram has been meeting industry bodies to encourage assessees to take advantage of the tax amnesty scheme to avoid punishment.
According to government estimates, out of 17 lakh registered service tax payers, only 7 lakh are paying the levy.
The service tax is levied at 12 percent (plus 3 percent surcharge) on all services expect those which are in the negative list.
PTI
