Recovery of service tax for self assessed assessment and return without Notice

5. Section 73 is being amended in the following manner:
   
   1. (a)  a new sub-section (1B) is being inserted to provide that recovery
      of the Service Tax amount self-assessed and declared in the return but not paid shall be made under section 87, without service of any notice under sub-section (1) of section 73; and
      
   2. (b)  sub-section (4A) that provides for reduced penalty if true and complete details of transaction were available on specified records, is being omitted.