What should be the contents of the settlement application?

The settlement application should contain full and
true disclosure of:
i. tax Liability which has not been disclosed to the
proper officer of IGST;
ii. manner of deriving such tax liability;
iii. additional amount of tax which he accepts to be
payable;
iv. other particulars such as misclassification,
exemption notification because of which he
admits to short payment.