https://www.taxtmi.com/article/detailed?id=6114 Section 76 now subjects persons served with a section 73(1) notice to a penalty not exceeding ten per cent of the service tax for non-payment, short-payment or erroneous refund in non-fraud cases, replacing the earlier daily/monthly computation and fifty per cent ceiling, and provides that no penalty is payable if tax and interest are paid within thirty days of the notice, with corresponding modification of penalty where appellate or judicial orders alter the tax liability. en-us Mon, 02 Mar 2015 07:25:41 +0530 Mon, 02 Mar 2015 15:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6114 Section 76 now subjects persons served with a section 73(1) notice to a penalty not exceeding ten per cent of the service tax for non-payment, short-payment or erroneous refund in non-fraud cases, replacing the earlier daily/monthly computation and fifty per cent ceiling, and provides that no penalty is payable if tax and interest are paid within thirty days of the notice, with corresponding modification of penalty where appellate or judicial orders alter the tax liability. Articles Service Tax Mon, 02 Mar 2015 07:25:41 +0530 https://www.taxtmi.com/article/detailed?id=6114