Amendment in Sec.73

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..... Amendment in Sec.73
Query (Issue) Started By: - Admin TMI Dated:- 1-3-2015 Last Reply Date:- 1-3-2015 Service Tax
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Service Tax
Question - What are proposed amendment in Sectio .....

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..... n 73 in Finance Bill 2015 ? Reply By Admin TMI: The Reply: Section 73 is being amended in the following manner: (i) a new sub-section (1B) is being inserted to provide that recovery of the service .....

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..... tax amount self-assessed and declared in the return but not paid shall be made under section 87, without service of any notice under sub-section (1) of section 73,; and (ii) sub-section (4A), that pr .....

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..... ovides for reduced penalty if true and complete details of transaction were available on specified records, is being omitted.
Discussion Forum - Knowledge Sharing .....

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