https://www.taxtmi.com/article/detailed?id=5293 Service tax interest is chargeable under Section 75 for delayed payment; penalties under Section 76 (failure to pay) and Section 78 (suppression/intent to evade) operate with distinct ingredients, statutory minima/maxima and reduction benefits for prompt disclosure or payment. A 2008 amendment provides that Section 78 penalties preclude Section 76 penalties, but courts remain divided-some treating the provisions as mutually exclusive and others permitting concurrent penalties-while all emphasize absence of reasonable cause and satisfaction of statutory ingredients before penalising. en-us Thu, 26 Sep 2013 11:01:33 +0530 Thu, 26 Sep 2013 11:01:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5293 Service tax interest is chargeable under Section 75 for delayed payment; penalties under Section 76 (failure to pay) and Section 78 (suppression/intent to evade) operate with distinct ingredients, statutory minima/maxima and reduction benefits for prompt disclosure or payment. A 2008 amendment provides that Section 78 penalties preclude Section 76 penalties, but courts remain divided-some treating the provisions as mutually exclusive and others permitting concurrent penalties-while all emphasize absence of reasonable cause and satisfaction of statutory ingredients before penalising. Articles Service Tax Thu, 26 Sep 2013 11:01:33 +0530 https://www.taxtmi.com/article/detailed?id=5293