https://www.taxtmi.com/acts?id=603 Where service tax is evaded by reason of fraud, collusion, wilful misstatement, suppression of facts or contravention of provisions, the person served with notice under section 73(1) is liable, in addition to tax and interest, to pay a penalty equal to the determined service tax; that penalty is reduced to fifty percent where true and complete transaction details are available in specified records, and reduced penalty benefits require timely payment. Penalty and interest are adjusted to reflect appellate or judicial modifications to the tax determination. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 08 May 2017 12:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=603 Where service tax is evaded by reason of fraud, collusion, wilful misstatement, suppression of facts or contravention of provisions, the person served with notice under section 73(1) is liable, in addition to tax and interest, to pay a penalty equal to the determined service tax; that penalty is reduced to fifty percent where true and complete transaction details are available in specified records, and reduced penalty benefits require timely payment. Penalty and interest are adjusted to reflect appellate or judicial modifications to the tax determination. Act-Rules F. Acts / Amendment Acts Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=603