https://www.taxtmi.com/article/detailed?id=254 The statutory regime prescribes a minimum and maximum penalty for service tax defaults and allows waiver only if the assessee proves reasonable cause; absent such proof authorities can choose any amount within the prescribed band but cannot impose penalty below the statutory minimum. en-us Fri, 26 Dec 2008 00:00:00 +0530 Fri, 26 Dec 2008 22:45:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=254 The statutory regime prescribes a minimum and maximum penalty for service tax defaults and allows waiver only if the assessee proves reasonable cause; absent such proof authorities can choose any amount within the prescribed band but cannot impose penalty below the statutory minimum. Articles Service Tax Fri, 26 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=254