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<h1>Amendments to Section 80 of Finance Act, 1994, impact penalties on service tax with changes in 2012 and 2015.</h1> Section 80 of the Finance Act, 1994, as amended, addressed the imposition of penalties related to service tax failures. Initially, it provided that no penalty would be imposed if the assessee demonstrated a reasonable cause for such failures. Amendments over the years adjusted the specific sections referenced and conditions under which penalties could be waived. Notably, the 2012 amendment specified that no penalty would be imposed for certain service tax failures if the tax and interest were paid within six months of the Finance Bill, 2012, receiving presidential assent. This provision was omitted in 2015.