Appellant liable for penalty for failure to deposit service tax; ordered to pay outstanding amount within 8 weeks

The Appellate Tribunal CESTAT CHENNAI held that the appellant, who collected service tax but failed to deposit it, was liable for a penalty. The appellant was ordered to pay the outstanding service tax amounting to Rs. 1,09,91,890 within eight weeks.

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The Appellate Tribunal CESTAT CHENNAI in 2015 (10) TMI 2530 ruled that the appellant collected service tax but did not deposit it, leading to a penalty. The appellant was directed to pay the outstanding service tax of Rs. 1,09,91,890 within eight weeks.

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