Transitory provisions for service tax preserve applicability of amended assessment rules and reset closure period from assent date.

Where service tax liabilities were unassessed, short levied, short paid or erroneously refunded and no pre assent order had been passed, the amended assessment and recovery provisions introduced by the Finance Act, 2015 (as reflected in sections corresponding to 76 and 78) apply; where a show cause notice had been issued before assent but no adjudicatory order was passed, the thirty day closure period for payment of tax, interest and penalty is counted from the date the Finance Bill, 2015 receives Presidential assent.

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