We offer comprehensive Insurance Services systems maintained by trained accounting.
Ask a Query
Client Login
| 78. Compounding of offences M. VAT ACT | |
|
78. Compounding of offences
(1) The Commissioner may, either before or after the institution of proceedings for any offence punishable under section 74 or under any rules made under this Act, after affording the person concerned an opportunity of being heard, accept from any person charged under sub-section (3) of section 74 or under any rule, a sum not exceeding two thousand rupees and in any other case a sum not exceeding double the amount of tax which would have been payable in the sale, purchase or turnover to which the offence relates, by way of composition of the offence.
(2) On payment of such sum as may be determined by the Commissioner under sub-section (1),no further proceedings shall be taken against the accused person in respect of the same offence and any proceedings, if already taken, shall stand abated.
|
|
Amit R Gupta
Our Services
Investment Services
We offer comprehensive Investment Services systems maintained by trained accoun.
Due Diligence and Advisory Ser
We offer comprehensive Due Diligence and Advisory Services systems maintained by traine.
Corporate Services
We offer comprehensive Corporate Services systems maintained by trained accounting.
AMITRGUPTA
What We Do
Tax Consulting
We offer comprehensive Tax Consulting systems maintained by trained accounting professionals. This local service coul...
Due Diligence
Investors, bankers and acquirers rely on Due Diligence as a standard of care during Mergers and ...
Taxation Services
We offer comprehensive Taxation Services systems maintained by trained accounting professionals. This local service could be...