https://www.taxtmi.com/article/detailed?id=1219 The Budget reintroduces prosecution-focused offences in service tax via a draft Section 89 covering noncompliant invoicing, wrongful availing of credit without receipt, false records or information, and failure to remit collected tax within six months, removing an express mens rea and expanding criminal exposure for service providers and exporters. Concurrently, Chapter V penalty rules are overhauled: a previously concessional penalty route is deleted, a new reduced-penalty clause applies where transactions appear in records, penalties across Sections 70, 76, 77 and 78 are recalibrated, waiver powers narrowed, search-warrant powers lowered, and a new first charge on defaulter property is created for recovery. en-us Wed, 23 Mar 2011 11:59:26 +0530 Wed, 23 Mar 2011 11:59:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1219 The Budget reintroduces prosecution-focused offences in service tax via a draft Section 89 covering noncompliant invoicing, wrongful availing of credit without receipt, false records or information, and failure to remit collected tax within six months, removing an express mens rea and expanding criminal exposure for service providers and exporters. Concurrently, Chapter V penalty rules are overhauled: a previously concessional penalty route is deleted, a new reduced-penalty clause applies where transactions appear in records, penalties across Sections 70, 76, 77 and 78 are recalibrated, waiver powers narrowed, search-warrant powers lowered, and a new first charge on defaulter property is created for recovery. Articles Service Tax Wed, 23 Mar 2011 11:59:26 +0530 https://www.taxtmi.com/article/detailed?id=1219