<h1>Finance Bill 2008: Changes in Service Tax with New Return Schemes, Penalties, and Valuation Rules in Sections 67, 71, 72.</h1> The Finance Bill of 2008 introduces several procedural changes to service tax regulations. Section 67 is amended to address valuation involving book adjustments with associated enterprises. New Sections 71 and 72 introduce a scheme for return submissions through Service Tax Preparers and allow best judgment assessments if returns are not filed or assessed correctly. Section 77 outlines penalties for non-compliance, such as failing to register or maintain records, with penalties ranging from a minimum of Rs. 5000 to no maximum limit. Section 78 specifies that penalties under this section preclude those under Section 76. Section 83 extends interest provisions on delayed refunds, and Section 86 allows review of orders by a committee of commissioners.