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    <title>PENALTIES UNDER SERVICE TAX TO BECOME STRINGENT</title>
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    <description>The Finance Bill, 2013 strengthens Service Tax enforcement by creating personal penalty liability for company officers for knowing defaults (including evasion, fake invoices, wrongful credit and failure to remit collected tax), allowing penalties up to Rs. one lakh per officer, redefining certain offences as cognizable with power of arrest by authorized Central Excise officers, mandating prompt production before a Magistrate, and enabling bail by Assistant or Deputy Commissioners for bailable offences.</description>
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