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of <h1>Mumbai Service Tax: No Penalties on Late-Cleared Cheques If Honored, Following Sahara Airlines Case Precedent.</h1> The Directorate of Service Tax in Mumbai issued instructions regarding the payment of service tax by cheque to authorized banks. According to the rules, if a cheque is deposited before the due date but credited after, penalties and interest should not be imposed if the cheque is honored. This follows a precedent set in a case involving Sahara Airlines Ltd., where it was determined that payment is deemed made on the date the cheque is handed over, provided it is not dishonored. However, if a cheque is dishonored or clearance is delayed due to the assessee's fault, penalties may apply.
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