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2015 (9) TMI 634 - AT - Service TaxImposition of penalty - Payment of commission to foreign service provider - Liability under Reverse Charge mechanism - Bonafide belief - Held that:- Under Reverse Charge Mechanism the services receiver located in India who has received the services from the service provider located outside India is required to pay service tax under Reverse Charge Mechanism. Therefore, the contention of the bonafide belief is not sustainable. - appellant has paid the entire amount of service tax, in fact excess amount of service tax within a period of one month of the issuance of show cause notice. Therefore, penalty is required to be reduced to 25% of the Service tax confirmed against the appellant. - Decided partly in favour of assessee.
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