Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Bill 2013: Tougher Penalties for Service Tax Offenses, Up to 7 Years Imprisonment for High Amounts</h1> The amendment to Section 89 in the Finance Bill, 2013, revises the penalties for service tax offenses. For offenses involving amounts over fifty lakh rupees specified in clauses (a), (b), and (c), the imprisonment term is up to three years, with a minimum of six months. For offenses under clause (d) with similar amounts, the term extends to seven years, also with a minimum of six months. Other offenses may result in imprisonment up to one year. Repeat offenders under clauses (i) and (iii) face up to three years, and under clause (ii), up to seven years of imprisonment.