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of <h1>Finance Act, 1994: Sections 71 & 72 detail Service Tax Return Preparers roles and best judgment assessments for non-filers.</h1> Sections 71 and 72 of the Finance Act, 1994, introduced through the Finance Bill, 2008, establish a scheme for submitting service tax returns via Service Tax Return Preparers (STRPs). Section 71 allows the Board to authorize individuals as STRPs to assist in preparing and filing returns. The scheme outlines the qualifications, duties, and conduct for STRPs, as well as conditions for their authorization. Section 72 provides for best judgment assessment by Central Excise Officers if a person fails to file a return or properly assess tax, allowing officers to determine tax liabilities after reviewing necessary documents and providing an opportunity for a hearing.
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