Multiple Choice Questions on With what objective the Government of India has announced the Voluntary Compliance Encouragement Sch........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

With what objective the Government of India has announced the Voluntary Compliance Encouragement Sch...........

Economic Affairs Financial Inclusion
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    With what objective the Government of India has announced the Voluntary Compliance Encouragement Scheme (VCES) that was in the news recently?

    1.   To encourage and pursue its policy of financial inclusion.

    2.   To encourage disclosure of tax dues.

    With reference to VCES, which of the statements given above is/are correct?

    1 only

    Incorrect Answer

    2 only

    Correct Answer

    Both 1 and 2

    Incorrect Answer

    Niether 1 nor 2

    Incorrect Answer
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    Explanation:
    1st option is incorrect. 
    The Service Tax VCES Scheme was a Voluntary Compliance Encouragement Scheme (VCES) that made it easier for businesses and individuals to declare their past due taxes.
     

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