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2018 (11) TMI 921 - AT - Service TaxReduction of penalty u/s 78 of FA - non-payment of service tax - GTA Service - works contract service - Held that:- As per proviso to Section 78(1) of the Act, if the details relating to transactions are recorded in the specified record for the period beginning with the 8th April, 2011 upto the date on which the Finance Bill, 2015 receives the assent of the Hon’ble President of India, the penalty shall be 50% of the service tax so determined - There is no dispute with regard to the fact that the appellant has not recorded the said transactions in their specified records. Penalty is to be reduced to 50% of the service tax - appeal allowed.
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