Form No. 2 - Form of acknowledgement under Sub section (2) of Section 214 of the Finance Act, 2016 in respect of Indirect Tax Dispute Resolution Scheme, 2016 - See rule 2(4) - Indirect Tax Dispute Resolution Scheme Rules, 2016
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Indirect tax dispute resolution acknowledgement requires timely payment of dues, interest and reduced penalty, followed by payment intimation. Under the Indirect Tax Dispute Resolution Scheme, 2016, the designated authority acknowledges receipt of a declaration and directs payment of amounts due, ... Summary
Indirect tax dispute resolution acknowledgement requires timely payment of dues, interest and reduced penalty, followed by payment intimation.
Under the Indirect Tax Dispute Resolution Scheme, 2016, the designated authority acknowledges receipt of a declaration and directs payment of amounts due, applicable interest, and twenty-five percent of the penalty imposed by the order in original within fifteen days. The declarant must furnish Form 3 with proof of payment to the designated authority within seven days of making payment.
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