Appellate Tribunal Cancels Penalty for Advance Service Tax Payment

The Appellate Tribunal CESTAT, Chennai set aside the penalty under Section 76 of the Finance Act, 1994 as the service tax was paid in advance. However, the penalty of Rs. 1,000 under Section 77 was confirmed due to the appellant not pressing the appeal.

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The Appellate Tribunal CESTAT, Chennai ruled that penalty under Section 76 of the Finance Act, 1994 was set aside as the service tax was paid in advance, not delayed. The penalty of Rs. 1,000 under Section 77 was confirmed as the appellant did not press the appeal.

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