Friday, 13 December 2013

Revenue can’t ask manner of tax calculation, insists on lump-sum payments; CBEC clarifies on amnesty

ST : Chapter VI of The Finance Act, 2013 - Service Tax Voluntary Compliance Encouragement Scheme - CBEC Clarifies That : (A) Assessees May Deposit First Tranche of 50% Up To 31-12-2013 in Instalments, (B) Declaration May Be Furnished For Part Period Out of Period Covered by Scheme; and (C) Department Cannot Ask For Manner of Calculation of Tax Dues, Except Checking Arithmetical Accuracy


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