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2010 (1) TMI 305 - CESTAT, MUMBAIPenalty- The appellant-bank works under the control of the Maharashtra State Co-Operative Bank Ltd. Delay in payment of service tax. Appellant bank- strictly following apex bank’s circular, hence plea of bonafide belief as a ground for benefit of section 80 of Finance Act, 1994. acceptable till March, 2005. Held that- after amendment of rule, appellant cannot raise plea of bonafide belief. Once registered with the department for payment of service tax assessee expected to be aware of the relevant provisions of law for the period April 2005 to March, 2007, benefit of section 80 not admissible.
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