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>Government Expands 2005 Scheme to Include Service Tax Offences Under Finance Act, 1994 for Early Dispute Resolution</h1> In 2005, the government introduced a scheme to reduce litigation and promote early dispute resolution by allowing the compounding of offences through payment under the Customs Act, 1962, and the Central Excise Act, 1944. This scheme was expanded in 2012 to include offences under the Finance Act, 1994, related to service tax. The compounding rules define an 'applicant' as any assessee or person, excluding officers appointed by the Board or Commissioner of Central Excise or Customs. This initiative aims to streamline processes and facilitate settlements in indirect tax-related offences.