The first-of-its-kind amnesty scheme for service tax defaulters, which
ended last month, may result in realisation of about . 6,000 crore of
additional revenue for the government. The Voluntary Compliance Encouragement
Scheme (VCES), which was implemented from May 10 last year, has got an
encouraging response, a revenue department official said. About 48,000
declaration forms involving service tax revenue of at least . 6,000 crore may
have been filed under the scheme, he said. “This is the rough amount. The exact
number of such applications and amount pledged is being finalised in
coordination with various service tax commissionerates and other offices which
were mandated to receive such claims from defaulters,” the official said.