https://www.taxtmi.com/article/detailed?id=160 The statutory scheme imposes service tax, requires deposit of collected tax and prescribes interest for delayed payment, while penalty for non-payment is discretionary. Tribunal practice shows that voluntary payment of outstanding service tax with interest before a show cause notice is an important mitigating factor, particularly where defaults stem from bona fide belief or prompt corrective action, but pre-notice payment does not automatically preclude penalty if facts indicate suppression, evasion or culpable intention. en-us Mon, 08 Sep 2008 00:00:00 +0530 Mon, 08 Sep 2008 13:52:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=160 The statutory scheme imposes service tax, requires deposit of collected tax and prescribes interest for delayed payment, while penalty for non-payment is discretionary. Tribunal practice shows that voluntary payment of outstanding service tax with interest before a show cause notice is an important mitigating factor, particularly where defaults stem from bona fide belief or prompt corrective action, but pre-notice payment does not automatically preclude penalty if facts indicate suppression, evasion or culpable intention. Articles Service Tax Mon, 08 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=160