2024 Proviso to section 73 1 of finance act 1994

Proviso to section 73 1 of finance act 1994

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August undefined, 2024

Webb8 juni 2015 · Section 73 (1) of the Act enables the Central Excise Officer to serve notice on the person chargeable with the service tax within eighteen months from the relevant … Webb9 sep. 2024 · The extended period can only be invoked in terms of proviso to Section 73 (1) of Finance Act, 1994 i.e. only in the cases where ingredients of fraud, collusion, willful mis-statement, suppression of …

SERVICE TAX ACT, 1994 - West Bengal

Webb“Telecommunication and Legal Consultancy Service” etc., under the Finance Act, 1994 (hereafter “the Act”). Following an audit of the records by the revenue’s ... the proviso to Section 73 (1) read with Section 66A of the Act, proposing to demand service tax for the extended period. The assessee resisted these notices, ... Webbthe Act read with Rule 2(1)(d) of the Service Tax Rules, 1994.] 3. Under what authority service tax is levied? Vide Entry 97 of Schedule VII of the Constitution of India, the Central Government levies service tax through Chapter V of the Finance Act, 1994. The taxable services are defined in Section 65 of the Finance Act, 1994. tina wexler icm

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Webb10 okt. 2024 · The Bench further held that the issuance of the Demand-cum-Show Cause Notice dated 31.12.2024 was exercised by the authority according to the statutory power conferred upon the respondent authorities under Section 73 of the Finance Act of 1994 and the issuance of the said show cause notice was with jurisdiction. Webb17 juni 2015 · ( i) the date of service of notice under the proviso to sub-section ( 1) of section 73, the penalty payable shall be fifteen percent of such service tax and … WebbChapter V of Finance Act, 1994 75. 1[Interest on delayed payment of service tax] Every person, liable to pay the tax in accordance with the provisions of section 68 or rules … tina wexler agent

Section 73(4B) of FA, 1994 needs an explanation

BENEFIT OF SECTION 80 OF FINANCE ACT, 1994 IS NOT …

Webb19 juli 2024 · In addition, a...penalty of equivalent amount of Rs. 1,61,53,949/- has also been imposed under Section 78(1) of the Finance Act, 1994 read with Section 174(2) of the CGST Act, 2024. Two ... proviso to Section 73(2) of the Finance Act, 1994 read with Section 174 of CGST Act, 2024; iii) I order the payment of Late fee amount to Rs.2,00 ... WebbIn case of non/ short payment of duty, Section 73 (1) of the Finance Act, 1994 automatically comes into picture and demand is made in terms of that section, to recover the duty so short paid. In case the duty is paid after the relevant date the same gets adjusted by application of the section. party clown ducky valueWebb22 juli 2024 · Section 73 and 74 of GST laws provide that the relevant date considered for calculation limitation period to issue show cause notice is the due date for furnishing of … tina wexler npi

"Webb28 sep. 2024 · The Respondent found that the Appellant had violated the provisions of the Exemption Notifications knowingly for the purpose of evading service tax and, therefore, … " - Proviso to section 73 1 of finance act 1994

Proviso to section 73 1 of finance act 1994

WebbThe Commissioner, thereafter, by order dated May 16, 2013, confirmed the demand of service tax by invoking the extended period of limitation contemplated under the proviso to section 73 (1) of the Finance Act. 11. The aforesaid reference was answered by the Larger Bench of the Tribunal by order dated March 18, 2024. 12. Webb16 maj 2016 · Section 73(1) of the Finance Act, 1994 (‘Act’ for short) provides that where any service tax has not been levied or paid or has been short-levied or short-paid or …

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Webb25 feb. 2015 · The Government should also extend the provisions of Section 73(4B) to show cause notices prior to 6-8-2014, as well. An Explanation below this sub-section … Webb9 okt. 2004 · 1 [Provided further that in the case of a service provider, whose value of taxable services provided in a financial year does not exceed sixty lakh rupees during …

Webb22 aug. 2024 · In case after care we find the provisions of extended period under proviso to Section 73(1) of the Finance Act, 1994 and provision to Section 11A(1) of Central Excise Act, 1944, together with penal provisions of Section 11AC of Central Excise Act, 1944/Section 78 of Finance Act, 1994 being invoked in a most casual manner by making … WebbSection 73(1) of the Finance Act, 1993 is set out hereinbelow : 1) "Where any service tax has not been levied or paid or has been short-levied or short-paid or erroneously …

Webb(1) Every person liable to pay the service tax under this chapter or the rules made there under shall, within such time and in such manner and in such form as may be prescribed, make an application for registration to the Superintendent of Central Excise. WebbChapter V of Finance Act, 1994 Appeals to Appellate Tribunal. 86. (1) 21[Save as otherwise provided herein, an assessee] aggrieved by an order passed by a20[Principal …

Webb(1) the provisions of this section shall also apply to cases in which the order determining the service tax under sub-section (2) of section 73 relates to notices issued prior to the …

Webb[ Please Refer: Proviso to Section 78, Finance Act, 1994. ] E.g. If Service Tax determined u/s 73 (2) by Central Excise Officer is Rs. 1,00,000/- on 01-01-2009 and all the three i.e. Service Tax, Interest and Penalty (Reduced Amount) is paid within 30 days then penalty would be Rs. 25,000/- Penalty Increases/Reduces in further appeal: tina west mdWebb12 maj 2024 · In terms of section 73 of Finance Act, 1994, the demand can be raised within five years by invoking the extended period of limitation. Admittedly, in this case in hand, the show cause notice dated 6.4.2024 was issued for the period 1.7.2012 to 31.3.2013 which is beyond the period of five years for the said demand. tina westmorelandWebb(a) service tax has not been levied or paid or has been short-levied or short-paid or erroneously refunded and no notice has been served under sub-section (1) of section 73 or under the proviso thereto, before the date on which the Finance Bill, 2015 receives the assent of the President; or party cloudsWebb19 mars 2015 · The first respondent submitted reply to the show cause notice and thereafter, adjudication order was passed confirming the entire demand and the proviso to Section 73 (1) of the Finance Act was also invoked. The operative portion of the adjudication order reads as under: '21. tina wexler maternity leaveWebb2 ST/51555/2024 extended period of limitation contemplated under the proviso to section 73 (1) of the Finance Act 19943 with penalty and interest. 2. The appellant is engaged in running food ... tina westonWebb(i). the date of service of notice under the proviso to sub-section (1) of section 73, the penalty payable shall be fifteen percent of such service tax and proceedings in respect of such service tax, interest and penalty shall be deemed to be concluded. party clown bornheimWebb11 aug. 2024 · The proviso to section 73(1) of the Finance Act stipulates that where any service tax has not been levied or paid by reason of fraud or collusion or wilful mis … party clown köln dellbrück