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2011 (8) TMI 392 - AT - Service TaxOption to pay 25% of the service tax towards penalty under Section 78 - In the decision High Court of Gujarat in the case of M/s. Akash Fashion Prints Pvt. Limited (2009 -TMI - 33022 - GUJARAT HIGH COURT), the respondent is given an option to pay 25% of the service tax towards penalty under Section 78 of Finance Act, 1994 within 30 days of the communication of this order. If the assessee is found to have deposited the service tax, interest and penalty to the extent of 25% within 30 days of the communication of the order of this Tribunal, assessee will be treated to have discharged full liability arising out of these proceedings - Failure to pay any of these amounts to the full extent within 30 days would render the assessee (respondent) liable to pay penalty to the extent of 100% of service tax demanded.
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