https://www.taxtmi.com/caselaws?id=77443 The High Court held that failure to credit Service Tax to the central government within the prescribed period incurs interest under Section 75 of the Act. Emphasizing that payments need not be made to a specific account head, as long as they are credited to the government's account, liability to pay tax cannot be imposed. The Court stressed timely payments to avoid interest charges and remanded the case for further examination to ascertain the actual payment timeline and compliance with statutory provisions. en-us Tue, 04 Apr 2006 00:00:00 +0530 Thu, 16 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77443 The High Court held that failure to credit Service Tax to the central government within the prescribed period incurs interest under Section 75 of the Act. Emphasizing that payments need not be made to a specific account head, as long as they are credited to the government's account, liability to pay tax cannot be imposed. The Court stressed timely payments to avoid interest charges and remanded the case for further examination to ascertain the actual payment timeline and compliance with statutory provisions. Case-Laws Service Tax Tue, 04 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77443