https://www.taxtmi.com/caselaws?id=220326 The Tribunal upheld the liability to pay service tax on collected amounts but waived penalties under sections 76 and 78 of the Finance Act, 1994. Only the penalty under section 77 was upheld due to the appellant's prompt payment of the tax liability upon notification. The decision emphasized the significance of timely tax compliance and the application of relevant provisions of the Finance Act, 1994 in such matters. en-us Fri, 30 Nov 2012 00:00:00 +0530 Sat, 19 Jan 2013 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220326 The Tribunal upheld the liability to pay service tax on collected amounts but waived penalties under sections 76 and 78 of the Finance Act, 1994. Only the penalty under section 77 was upheld due to the appellant's prompt payment of the tax liability upon notification. The decision emphasized the significance of timely tax compliance and the application of relevant provisions of the Finance Act, 1994 in such matters. Case-Laws Service Tax Fri, 30 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220326