https://www.taxtmi.com/acts?id=16541 Fixation of the compounding amount prescribes specific compounding formulas: up to fifty percent of service tax evasion with a minimum of ten percent; up to fifty percent of wrongly taken or utilised CENVAT credit with a minimum of ten percent; a fixed monetary penalty for the third category with escalation for repeat offences; and up to twenty-five percent of undisposed service tax with a minimum monthly percentage for each month of non-deposit. If multiple category offences share the same monetary base, the higher prescribed compounding amount applies. en-us Wed, 30 May 2012 15:15:44 +0530 Sat, 07 Jul 2012 11:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16541 Fixation of the compounding amount prescribes specific compounding formulas: up to fifty percent of service tax evasion with a minimum of ten percent; up to fifty percent of wrongly taken or utilised CENVAT credit with a minimum of ten percent; a fixed monetary penalty for the third category with escalation for repeat offences; and up to twenty-five percent of undisposed service tax with a minimum monthly percentage for each month of non-deposit. If multiple category offences share the same monetary base, the higher prescribed compounding amount applies. Act-Rules Service Tax Wed, 30 May 2012 15:15:44 +0530 https://www.taxtmi.com/acts?id=16541