Ammnesty scheme in service tax A wecome move by Finance Minister to increase tax base

By:

GUPTA, ATUL KUMAR

Material type:

Mixed materialsPublication details: 2013Description: 96-98Subject(s):

TAXATION

NLM classification:

336.2

In: CHARTERED ACCOUNTANTMSummary: To achive substantial growth in Service Tax Collection and to broaden tax base, Cntral Government has introduced Negative List Approcah vide Finance Act, 2012. However, even after one year, this step could not achieve its objective in totality; main reason behind this could be non compliance by tax payers. In Finance Act, 2013, the Finance Minister has taken a welcome step in the form of amnesty scheme, to increase the tax base and thereby increase service tax collections.

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		61/12	Available		P14900

To achive substantial growth in Service Tax Collection and to broaden tax base, Cntral Government has introduced Negative List Approcah vide Finance Act, 2012. However, even after one year, this step could not achieve its objective in totality; main reason behind this could be non compliance by tax payers. In Finance Act, 2013, the Finance Minister has taken a welcome step in the form of amnesty scheme, to increase the tax base and thereby increase service tax collections.

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