https://www.taxtmi.com/article/detailed?id=6921 The Model IGST Law creates a National and State Settlement Commission to resolve pending IGST levy, assessment and collection proceedings on application. Eligible applicants must fully disclose undisclosed tax liabilities, meet prescribed preconditions, pay admitted tax with interest, and file fees; applications are non-withdrawable. The Commission issues notices, obtains reports, may direct further inquiry, and must decide within prescribed timeframes, passing settlement orders that fix terms of tax, interest, fine or penalty and payment modalities. Orders are conclusive, enforceable, and may be voided if obtained by fraud. en-us Thu, 04 Aug 2016 14:11:54 +0530 Thu, 04 Aug 2016 14:11:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6921 The Model IGST Law creates a National and State Settlement Commission to resolve pending IGST levy, assessment and collection proceedings on application. Eligible applicants must fully disclose undisclosed tax liabilities, meet prescribed preconditions, pay admitted tax with interest, and file fees; applications are non-withdrawable. The Commission issues notices, obtains reports, may direct further inquiry, and must decide within prescribed timeframes, passing settlement orders that fix terms of tax, interest, fine or penalty and payment modalities. Orders are conclusive, enforceable, and may be voided if obtained by fraud. Articles Goods and Services Tax - GST Thu, 04 Aug 2016 14:11:54 +0530 https://www.taxtmi.com/article/detailed?id=6921