Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

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, presented before the house of people on 29/02/2016, for bringing down the disputes/litigation pending before Commissioner (Appeals). In this article I am not going to discuss on the provisions of the scheme. Our focus is to determine the benefits/usefulness .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

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 scheme or not. So we discuss on the first question i.e., is there any benefit for Service Tax assesse? As per the opinion of the writer, the scheme is of less importance for assesses covered under the provision of The Finance Act, 1994 ( in short the Act .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

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, where assesse had no case on merits it is always advisable to pay Service Tax along with interest & grab the benefit of reduced penalty. Thus the assesse who had no case would have already paid the amount along with interest either after issue of SC .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version