Penalty under section 78 excludes application of section 76, creating a direct exclusion in the service tax penalty regime. The amendment provides that if the penalty under section 78 is payable, the provisions of section 76 shall not apply, thereby excluding section 76 ... Summary
Penalty under section 78 excludes application of section 76, creating a direct exclusion in the service tax penalty regime.
The amendment provides that if the penalty under section 78 is payable, the provisions of section 76 shall not apply, thereby excluding section 76 whenever the section 78 penalty regime is invoked.
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