Features of Service Tax Voluntary Compliance Encouragement Rules, 2013

Central Government vide Notification No. 10//2013-ST dated 13th May, 2013 has introduced “Service Tax Voluntary Compliance Encouragement Rules, 2013”.

The said notification consist the 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.

Gist of these rules is as under:-

1) Every person wishes to make a declaration under the scheme shall take registration, if not already registered;
2) The declaration shall be made in respect of Tax Dues under the scheme in Form VCES-1;
3) Designated Authority shall issue an acknowledgment in Form VCES-2 with a period of seven working days;
4) The tax dues shall be paid to the Credit of Central Government. However, CENVAT Credit cannot be utilized for payment of service tax under this scheme;
5) Designated Authority shall issue an acknowledgment of discharge in Form VCES-3, with in a period of seven days from the date of furnishing of details of payment of tax dues in full along with interest, if any.

To view the notification Click Here.