https://www.taxtmi.com/acts?id=19230 Clause 111 replaces section 76 to impose liability on a person served with a section 73(1) notice to pay service tax, interest and a penalty not exceeding ten per cent. where tax has not been levied, short-levied, short-paid or erroneously refunded except in cases of fraud, collusion, wilful misstatement, suppression or contravention with intent to evade; provisos allow waiver or reduction of penalty on prompt payment and appellate modification adjusts the penalty with similar prompt-payment benefit. en-us Sat, 28 Feb 2015 20:37:55 +0530 Mon, 02 Mar 2015 12:55:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19230 Clause 111 replaces section 76 to impose liability on a person served with a section 73(1) notice to pay service tax, interest and a penalty not exceeding ten per cent. where tax has not been levied, short-levied, short-paid or erroneously refunded except in cases of fraud, collusion, wilful misstatement, suppression or contravention with intent to evade; provisos allow waiver or reduction of penalty on prompt payment and appellate modification adjusts the penalty with similar prompt-payment benefit. Act-Rules Bills Sat, 28 Feb 2015 20:37:55 +0530 https://www.taxtmi.com/acts?id=19230