https://www.taxtmi.com/article/detailed?id=6125 The Finance Bill proposes penalty rationalization across customs, excise and service tax: non fraudulent cases face capped or waived penalties where duty/tax and interest are paid promptly; fraud related cases retain higher penalties but allow staged reductions tied to recordkeeping and prompt payment; pending proceedings and show cause notices may be closed on prescribed payments within the transition window; service tax disclosed in returns may be recovered without show cause notice, and certain rebate appeal venues are shifted to the executive. en-us Mon, 02 Mar 2015 13:59:36 +0530 Mon, 02 Mar 2015 16:32:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6125 The Finance Bill proposes penalty rationalization across customs, excise and service tax: non fraudulent cases face capped or waived penalties where duty/tax and interest are paid promptly; fraud related cases retain higher penalties but allow staged reductions tied to recordkeeping and prompt payment; pending proceedings and show cause notices may be closed on prescribed payments within the transition window; service tax disclosed in returns may be recovered without show cause notice, and certain rebate appeal venues are shifted to the executive. Articles Budget - Tax Proposals Mon, 02 Mar 2015 13:59:36 +0530 https://www.taxtmi.com/article/detailed?id=6125