https://www.taxtmi.com/news?id=13078 Amendments to Chapter V of the Finance Act, 1994 tighten procedural and compliance regimes for service tax by prescribing rules for rate of exchange, setting adjudication timelines, extending search and seizure authorization to officers notified by the Board, importing Central Excise provisions on retroactive notification effect, third party information obligations and penalties, and introducing a mandatory pre deposit requirement for appeals with a statutory ceiling; they also provide successor recovery rights and broaden rule making powers to mandate information, records, returns and impose restrictions to prevent evasion or misuse. en-us Sun, 13 Jul 2014 16:55:10 +0530 Mon, 14 Jul 2014 19:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13078 Amendments to Chapter V of the Finance Act, 1994 tighten procedural and compliance regimes for service tax by prescribing rules for rate of exchange, setting adjudication timelines, extending search and seizure authorization to officers notified by the Board, importing Central Excise provisions on retroactive notification effect, third party information obligations and penalties, and introducing a mandatory pre deposit requirement for appeals with a statutory ceiling; they also provide successor recovery rights and broaden rule making powers to mandate information, records, returns and impose restrictions to prevent evasion or misuse. News - Sun, 13 Jul 2014 16:55:10 +0530 https://www.taxtmi.com/news?id=13078