https://www.taxtmi.com/caselaws?id=219942 The Tribunal waived the penalty under Section 78 of the Finance Act, ruling in favor of the appellants due to their prompt payment of service tax with interest upon Department's notification and their bona fide belief that they were not required to pay service tax for services provided by Goods Transport Agency and overseas commission under the reverse charge mechanism. The Tribunal emphasized revenue neutrality and cited a precedent to support its decision, concluding that the suppression allegations were not sustainable. en-us Tue, 07 Aug 2012 00:00:00 +0530 Thu, 17 Jan 2013 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219942 The Tribunal waived the penalty under Section 78 of the Finance Act, ruling in favor of the appellants due to their prompt payment of service tax with interest upon Department's notification and their bona fide belief that they were not required to pay service tax for services provided by Goods Transport Agency and overseas commission under the reverse charge mechanism. The Tribunal emphasized revenue neutrality and cited a precedent to support its decision, concluding that the suppression allegations were not sustainable. Case-Laws Service Tax Tue, 07 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219942