Amendment of section 73.
110. In section 73 of the 1994 Act,-
(i) after sub-section (1A), the following sub-section shall be inserted, namely:-
“(1B) Notwithstanding anything contained in sub-section (1), in a case where the amount of service tax payable has been self-assessed in the return furnished under sub-section (1) of section 70, but not paid either in full or in part, the same shall be recovered along with interest thereon in any of the modes specified in section 87, without service of notice under sub-section (1).”;
(ii) sub-section (4A) shall be omitted.
Notes on Clauses:
Clause 110 of the Bill seeks to amend section 73 of 1994 Act so as to--
(a) insert a new sub-section (1B) to provide that the recovery may be made under section 87 of the self-assessed service tax, declared in the return but not paid, without service of any notice under sub-section (1);
(b) omit sub-section (4A).
