2008 (2) TMI 363 - AT - Service Tax

Application for modification of the stay application - entire service tax demand has been paid by the applicants and that the interest has also been paid by the applicants. The application is therefore confined to waiver of pre-deposit of penalty - Since the entire tax demanded stands paid we waive the requirement of pre-deposit of the penalty and stay recovery thereof pending the appeal.

Summary

The Appellate Tribunal CESTAT, Mumbai allowed the modification of the stay application due to a corrigendum issued by the Commissioner. The penalty was altered to Rs. 200 per day. The waiver of pre-deposit of penalty of Rs. 200 per day and Rs. 3,50,00,000 was granted as the entire service tax demand and interest had been paid by the applicants.