https://www.taxtmi.com/caselaws?id=75980 The Tribunal upheld the penalty under Section 76 of the Finance Act, 1994 for delayed payment of service tax, despite exceeding the tax amount. The appellant's failure to invoke Section 80 to avoid penalty and arguments regarding Section 73(3) were rejected. The Tribunal emphasized the appellant's awareness of tax liability since 2005, making the delay inexcusable. The penalty, exceeding the tax amount, was upheld at Rs. 200 per day or 2% of tax per month, leading to the dismissal of the appeal. en-us Wed, 24 Feb 2010 00:00:00 +0530 Mon, 01 Nov 2010 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75980 The Tribunal upheld the penalty under Section 76 of the Finance Act, 1994 for delayed payment of service tax, despite exceeding the tax amount. The appellant's failure to invoke Section 80 to avoid penalty and arguments regarding Section 73(3) were rejected. The Tribunal emphasized the appellant's awareness of tax liability since 2005, making the delay inexcusable. The penalty, exceeding the tax amount, was upheld at Rs. 200 per day or 2% of tax per month, leading to the dismissal of the appeal. Case-Laws Service Tax Wed, 24 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75980