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Is the Scheme of Dispute Resolution for Service Tax, useful?

Service Tax - By: - Priyesh Agrawal - Dated:- 29-2-2016 Last Replied Date:- 30-12-1899 - Our Finance Minister, Shri Arun Jaitely had provided for a scheme in name of The Indirect Tax Dispute Resolution Scheme, 2016 in the Finance Bill, 2016, presente .....

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of this scheme w.r.t. Service Tax cases. The Scheme provides - Only applicable to cases pending before Commissioner (Appeals) on 01/03/2016. A Person shall submit a declaration before a designated authority. Pays off the Service Tax along with Intere .....

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s comes to my mind - (i) Is there any benefit for Service Tax assesse? (ii) Would the scheme result in decrease in litigation? As per the writer, the first question is of utmost importance, as it will decide that whether assesse will go for the schem .....

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) or in other words a limited period offer to extend the 30 days time provided under the proviso clause of Section 76 & 78 of the Act. Both the Section 76 & 78 provides for payment of reduced penalty of 25% of penalty imposed by the adjudicat .....

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he cases SCN s are issued for extended period and penalty is invoked under section 77 & 78 basically. The main concern is of penalty under section 78. In case, where the case is on merits, all the assesse fights till the last resort. However, whe .....

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N or after order of adjudicating authority. Since as per above discussion, it is clear that an assesse fights till last resort or he would have already paid the amount, the scheme is less beneficial for assesse. The scheme could be fruitful only for .....

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