Payment of Service tax/interest/penalty — Issuance of show cause notice and conclusion of proceedings — Clarifications

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tax is paid suo motu by the assessee - Reg. Section 73(1A) of the Finance Act, 1994 provides for conclusion of adjudication proceeding in the cases of wilful suppression/fraud/collusion if the taxpayer pays service tax liability along with interest and a penalty equal to 25% of service tax amount, within a period of one month from the date of issue of SCNs. Similarly, section 73(3) provi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of section 73 is reproduced below, - "Provided further that where such person has paid service tax in full together with interest and penalty under sub-section (IA), the proceeding in respect of such person and other person to whom notices are served under sub-section (1) shall be deemed to be concluded." Thus, law prescribes conclusion of proceedings against such person to whom SCN is i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X