The Guidance To Get It Right
Are you one of the following: -
- Who has collected Service Tax but not deposited the same, wholly or partly, to
- Who is liable to collect Service Tax but has not collected the same from the party
and / or not deposited the same, wholly or partly, to the Government.
- Who is liable to pay Service Tax under Reverse Charge Mechanism but has not deposited
the same, wholly or partly, to the Government.
If your answer is “Yes”, then you are liable to deposit the tax to the exchequer
along with interest and penalty, else it may attract penal provisions like arrest,
prosecution, attachment of property etc.
However, if you feel that you may be caught by Service Tax authority on account
of non-payment / short payment of tax, for which you may be liable, then you have
an opportunity to pay tax without an interest or penalty by filing declaration under
VCES 2013. This is also a universal truth that every opportunity is attached with
limitations. As such, VCES 2013 is also attached with limitations - like non utilization
of Cenvat Credit to make payment, rejection of declaration, etc.
Now, you may be confused and need proper guidance to take a decision as to what
to do to get tension free life. We are here to guide you through Service Tax issues
to a life without tension.
Let us deal with Service Tax worries.