Compounding of offences allows termination of GST prosecution after prescribed payment and payment of tax, interest and penalty. Compounding permits the Commissioner to compound offences upon payment of a prescribed compounding amount and payment of tax, interest and penalty; ... Summary
Compounding of offences allows termination of GST prosecution after prescribed payment and payment of tax, interest and penalty.
Compounding permits the Commissioner to compound offences upon payment of a prescribed compounding amount and payment of tax, interest and penalty; specified exclusions apply, prescribed minimum and maximum thresholds govern the compounding amount; payment as determined by the Commissioner prevents further proceedings under the Act and abates any criminal proceedings, without affecting proceedings under other laws.
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