Finance Bill, 2013 propose to introduce AMNESTY SCHEME FOR NON FILERS AND STOP FILERS in respect of service tax. What is the scope and details of this scheme.
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In the Budget documents related to Finance Bill, 2013 it is stated that:
To encourage voluntary compliance and broaden the tax base, it is proposed to provide one time amnesty by way of (i) waiver of interest and penalty; and (ii) immunity from prosecution, to the stop filers, non-filers or non-registrants or service providers (who have not disclosed true liability in the returns filed by them during the period from October 2007 to December 2012) who pay the "tax dues". Details of the scheme are available in Chapter VI of the Finance Bill, 2013. The scheme will be operational from the date on which the Finance Bill, 2013 receives the assent of the President.
Yes, but the assessee can file (avail) the declaration under this scheme only upto 31st December 2013.
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Chapter VI of the Finance Bill, 2013 covers the provisions relating to Amnesty Scheme.
A careful analysis of provisions of Clause 96 reveals that Amnesty Scheme is divided in two parts, i.e.
(1) Situation where satisfaction of Assistant Commissioner (Designated Authority) is not required. and
(2) Situation where satisfaction of Assistant commissioner (Designated Authority) is required.
The purpose of the amnesty scheme appears to be to increase the number of service tax assessess and to regularise them for filing returns and for making service tax payment in future.
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