https://www.taxtmi.com/acts?id=27194 Compounding permits the Commissioner to settle offences by accepting a prescribed compounding amount on payment of tax, interest and penalty, subject to statutory exclusions (including repeat compounding for specified offences, high value supplies, offences also punishable under other laws, convicted persons, and certain serious offence categories). Compounding does not affect proceedings under other laws. The prescribed compounding schedule establishes minimum and maximum thresholds in relation to the tax involved. Payment of the determined compounding amount prevents further proceedings under the Act and abates existing criminal proceedings for the same offence. en-us Thu, 22 Jun 2017 18:23:49 +0530 Wed, 26 Jul 2017 14:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27194 Compounding permits the Commissioner to settle offences by accepting a prescribed compounding amount on payment of tax, interest and penalty, subject to statutory exclusions (including repeat compounding for specified offences, high value supplies, offences also punishable under other laws, convicted persons, and certain serious offence categories). Compounding does not affect proceedings under other laws. The prescribed compounding schedule establishes minimum and maximum thresholds in relation to the tax involved. Payment of the determined compounding amount prevents further proceedings under the Act and abates existing criminal proceedings for the same offence. Act-Rules GST - States Thu, 22 Jun 2017 18:23:49 +0530 https://www.taxtmi.com/acts?id=27194