According to Data compiled from Finance Ministry, there are nearly 17,00,000 registered assessees under service tax,
only about 7,00,000 file returns. Many have simply stopped filing returns.
The Finance Minister cannot go after each of them. In order to motivate them to file returns and pay the tax dues, Finance Minister just a while ago introduced a one-time scheme called Voluntary Compliance Encouragement Scheme.
What Does Voluntary Compliance Encouragement Scheme for Service tax Evaders / Defaulters in India Offer ? A defaulter may avail of
Read moreIndia – Service Tax – Voluntary Compliance Encouragement Scheme