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of <h1>Settlement Process for Tax Payments in 2008: Section 94 Details Discounted Rates for Arrears from Adjudication or Notices</h1> Section 94 of the Service Tax Dispute Resolution Scheme, 2008, outlines the settlement process for tax payments made between July 1, 2008, and September 30, 2008. It specifies that for tax arrears arising from an adjudication or assessment, the payable amount is 50% of the service tax if it does not exceed twenty-five thousand rupees, and 25% for interest or penalties. For arrears from show cause or demand notices, the same rates apply. If penalties exceed the related service tax, the service tax amount is treated as the penalty amount.
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