https://www.taxtmi.com/article/detailed?id=357 Sections 76-78 set out differentiated penalties for service tax non compliance: Section 76 prescribes continuing daily or percentage penalties for delayed payment (capped at the tax due); Section 77 prescribes fixed or daily penalties for procedural and recordkeeping breaches; Section 78 permits penalties up to twice the tax with a reduced rate where tax and interest are promptly paid after adjudication. Section 80 grants discretion to mitigate or remit penalties where failure is due to reasonable cause. en-us Tue, 05 May 2009 00:00:00 +0530 Tue, 05 May 2009 21:01:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=357 Sections 76-78 set out differentiated penalties for service tax non compliance: Section 76 prescribes continuing daily or percentage penalties for delayed payment (capped at the tax due); Section 77 prescribes fixed or daily penalties for procedural and recordkeeping breaches; Section 78 permits penalties up to twice the tax with a reduced rate where tax and interest are promptly paid after adjudication. Section 80 grants discretion to mitigate or remit penalties where failure is due to reasonable cause. Articles Service Tax Tue, 05 May 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=357