Dispute Resolution Scheme clarifies eligibility and exclusions for service tax arrears, and treatment of revisional orders. The Dispute Resolution Scheme, 2008 provides compounding eligibility for service tax arrears unpaid before the cut off date where arrears (including interest and penalty) were leviable under the Finance Act, 1994 and pending liability does not exceed the monetary ceiling; it also covers cases of only interest and penalty. Orders under Chapter V, including revisional orders by the Commissioner issued on or before the cut off date, form the basis for compounding calculations. Notices under revisional power that only give an opportunity to be heard do not affect arrears computation, and acceptance of the Scheme finalizes pending revisional proceedings.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Dispute Resolution Scheme clarifies eligibility and exclusions for service tax arrears, and treatment of revisional orders.
The Dispute Resolution Scheme, 2008 provides compounding eligibility for service tax arrears unpaid before the cut off date where arrears (including interest and penalty) were leviable under the Finance Act, 1994 and pending liability does not exceed the monetary ceiling; it also covers cases of only interest and penalty. Orders under Chapter V, including revisional orders by the Commissioner issued on or before the cut off date, form the basis for compounding calculations. Notices under revisional power that only give an opportunity to be heard do not affect arrears computation, and acceptance of the Scheme finalizes pending revisional proceedings.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
