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

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....d 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) provides conclusion of a....

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....vided 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 issued under sub-section (1) of section 73. Therefo....