Home Case Index All Cases Service Tax Service Tax + AT Service Tax - 2016 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (1) TMI 1175 - AT - Service TaxImposition of penalty under Section 78 of the Finance Act, 1994 - levy of tax on commission to foreign agents - reverse charge mechanism - Held that: - the appellant is liable to pay service tax under reverse charge mechanism, therefore, this situation is of revenue neutrality. As the appellant has paid Service Tax, in that circumstance, the penalty is not imposable on the appellant. I further hold that the appellant has not paid the interest for the intervening period, therefore, the appellant is directed to pay interest on Service Tax, if any, for the intervening period within 30 days failing which the appellant is liable to pay penalty under Section 78 of Finance Act, 1994 - appeal disposed off.
|