Service tax vces

Amit Kumar (Querist) 03 December 2013 This query is : Resolved
As the Service Tax VCES Scheme covers waiver of interest and penalty till 31 December 2012 only, and I have applied for registration in November 2013 only. I am liable to pay Service Tax only as recipient from 1 July 2012 onwards, otherwise well under exemption limit!

But I would be liable to pay Tax and also file returns for the year 2013 also. But is there any exemption available from Interest and Penalty in such cases, for the current year or what are the specific provisions in this regard ?

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ajay sethi (Expert) 04 December 2013
consult your tax consultant

Amit Kumar (Querist) 04 December 2013
For other's knowledge/information, I have got clarification...

For period after 1-1-2013, my client can pay service tax with interest and penalty will not be imposed as per section 73(3) of Finance Act, 1994.

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