VCES Catching Up

By Vijay Kumar

THE Department should be fully geared to meet the last minute rush for the VCES. We understand that the State Government owned Chandigarh Housing Board has declared a Service Tax of nearly Rs. 10 Crores under VCES. We are told that a group of retired Central Excise officers in the small town of Sangli in Maharashtra have taken efforts to popularise the VCES and the response is said to be very good.

Revenue collections are far below target and VCES would have been a great opportunity to salvage the situation - if only the Departmental officers were a little more considerate towards their Finance Minister.