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2009 (6) TMI 167 - CESTAT, KOLKATAOnly prayer of the Applicants is for waiver of pre-deposit of the amount of interest. It is admitted by the Applicants that the Service Tax has been paid after due dates. Their only contention is that during pendency of the Appeal, pre-deposit of the interest on Service Tax be waived by exercising the discretion as the Tribunal is competent to waive the pre-deposit during pendency of appeal - No financial hardship is pleaded before us. - As per the provisions of Finance Act, 1994, if the Service Tax has been paid after due dates, which was collected by Applicants, statutory interest is to be paid for late deposit of the Service Tax and there is no provision under the Finance Act, 1994 for waiver of the amount of interest. – Order directing pre-deposit not recalled – application dismissed
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