Not paying your duties
may be very easy in India; what matters though is coughing up the punishment
sum when all efforts aimed at hiding the skeletons in the closet fail. You will
only be a fool to believe that the Central Government which is already
struggling with the rupee will consider your case with compassion and let you
keep all the cash. Even a few years ago, defaulters of any kind of tax payment
were met with severe punishments including heavy fines leading to imprisonment.
Such drastic measures as expected had played its share of influence into
bullying the evaders to tighten their means and methods of hiding.
However, with the introduction of VCES, Service tax compliance
has become very easy even for the deliberate evaders. The main reason because
of which the non compliant parties come out in the open is that, this scheme
does not include any severe punishment for the former. The parties are
respectfully allowed to pay up within a set period of time through various
modes of payment. Depending upon the amount due, the parties can pay their dues
in easy installments. Ignoring the call of the authorities to open up to the
scheme can become a punishable offence.
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