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2010 (1) TMI 21 - HC - Service TaxLevy of penalty u/s 76 and 78 – waiver of penalty u/s 80 - Service Tax on Agent – assessee arranging the loan for the purchase of vehicle as a marketing agent from I.C.I.C.I. Bank and received commission from I.C.I.C.I. Bank – Delay in payment of service tax with interest - Having regard to the facts and circumstances as recorded and the findings that the service tax was introduced for the first time in July 2003. By the Boards Circular dated 06.11.2006, it has been clarified that the service tax leviable on a marketing agent of I.C.I.C.I. Bank for providing service to authorize customers for purchasing vehicles on loan and further that the assessee has partly paid the amount alongwith the interest in the month of December 2004 and there was no mala fide on the part of the appellant and further the balance amount has been paid partly before the show cause notice and partly before the adjudication order - We are of the view that Tribunal has rightly held that this is a fit case to invoke Section 80 of the Act
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