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Service Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Penalty u/s 78 - reverse charge mechanism - revenue neutrality - ...

Service Tax

August 6, 2018

Penalty u/s 78 - reverse charge mechanism - revenue neutrality - assessee could have gained nothing since the entire amount could have been available to them as CENVAT credit. Since the entire exercise is revenue neutral, no mala fide can be attributed to them - No penalty.

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