CBEC puts up pavilion at IITF to encourage tax disclosure
Updated: Nov 23, 2013 02:18:06pm
New Delhi, Nov 23 (KNN) In order to popularize the Service Tax Voluntary Compliance Encouragement Scheme (VCES) announced by the Finance Ministry, the Central Board of Excise and Customs (CBEC) has set-up a pavilion at the ongoing India International Trade Fair (IITF) here at Pragati Maidan.
The Pavilion inaugurated by Chairperson, CBEC, Praveen Mahajan has the main objective of publicising VCES announced by the Union Finance Minister P Chidambaram in his Budget speech. It came into effect on May 10, 2013.
“The objective of the scheme is to encourage disclosure of tax dues and compliance of service tax law by the persons who have not paid service tax dues for the period from October, 2007 to December, 2012, either on account of ignorance of law or otherwise,” Finance Ministry said in a release.
“It is golden opportunity for such persons to pay the ‘tax dues’ and come clean. On payment of the tax dues relating to the said period, there will be complete waiver of interest, penalty and other proceedings/ consequences,” the release added.
A service tax VCES help desk has been set-up at the pavilion to accept declarations under this scheme and also to answer any queries/clarification from the trade/ assesses related to this scheme.
Besides a help desk has also been set-up for answering any queries/ clarifications related to any issue on customs and central excise.
Various rounds of quiz contests with questions on VCES are being held at the pavilion and the persons giving the correct answers are given “VCES ke Laddoo” as gift.
In addition, painting contests, mime, face painting and magic shows are being held to attract public. Kids are presented with certificates with their photographs along with gifts for participating in these competitions.
“There has been a phenomenal response to our pavilion with huge footfalls,” said the release.
“Since IITF is one of the largest trade fairs in the world both in terms of exhibitors and visitors participation and has evolved its unique character as an iconic national event, therefore, setting-up a Pavilion during the IITF, 2013 has provided a great platform to the CBEC to publicize the VCES Scheme which, in turn, will also help in getting more response,” added the release. (KNN/SD)
The Pavilion inaugurated by Chairperson, CBEC, Praveen Mahajan has the main objective of publicising VCES announced by the Union Finance Minister P Chidambaram in his Budget speech. It came into effect on May 10, 2013.
“The objective of the scheme is to encourage disclosure of tax dues and compliance of service tax law by the persons who have not paid service tax dues for the period from October, 2007 to December, 2012, either on account of ignorance of law or otherwise,” Finance Ministry said in a release.
“It is golden opportunity for such persons to pay the ‘tax dues’ and come clean. On payment of the tax dues relating to the said period, there will be complete waiver of interest, penalty and other proceedings/ consequences,” the release added.
A service tax VCES help desk has been set-up at the pavilion to accept declarations under this scheme and also to answer any queries/clarification from the trade/ assesses related to this scheme.
Besides a help desk has also been set-up for answering any queries/ clarifications related to any issue on customs and central excise.
Various rounds of quiz contests with questions on VCES are being held at the pavilion and the persons giving the correct answers are given “VCES ke Laddoo” as gift.
In addition, painting contests, mime, face painting and magic shows are being held to attract public. Kids are presented with certificates with their photographs along with gifts for participating in these competitions.
“There has been a phenomenal response to our pavilion with huge footfalls,” said the release.
“Since IITF is one of the largest trade fairs in the world both in terms of exhibitors and visitors participation and has evolved its unique character as an iconic national event, therefore, setting-up a Pavilion during the IITF, 2013 has provided a great platform to the CBEC to publicize the VCES Scheme which, in turn, will also help in getting more response,” added the release. (KNN/SD)
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