Compounding of offences: administrative authorities may permit settlement by payment and written offer when prosecution is initiated. Compounding of offences for evasion under central excise and service tax allows the Principal Chief/Chief Commissioner to compound offences on payment of ... Summary
Compounding of offences: administrative authorities may permit settlement by payment and written offer when prosecution is initiated.
Compounding of offences for evasion under central excise and service tax allows the Principal Chief/Chief Commissioner to compound offences on payment of the compounding amount; Section 9A(2) of the Central Excise Act as applied to service tax via section 83 of the Finance Act authorises this, and circulars require that persons against whom prosecution is initiated or contemplated be informed in writing of the offer to compound.
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TaxTMI 
TaxTMI 
