https://www.taxtmi.com/caselaws?id=238559 The Tribunal found the appellant liable for service tax shortfall for 2009-10 and imposed a penalty under Section 78 of the Finance Act, 1994. Despite acknowledging the liability and delayed payment, the appellant did not contest it initially. The Tribunal directed the appellant to pay interest on the delayed service tax payment. An approximate 13% interest per annum was calculated, resulting in a directive for the appellant to deposit Rs.10 lakhs within four weeks. The Tribunal allowed a waiver of pre-deposit for the balance amounts, with recovery stayed pending appeal disposal. This case emphasizes timely tax payments and the repercussions of delays, urging parties to contest liabilities promptly for fair resolution. en-us Tue, 16 Jul 2013 00:00:00 +0530 Fri, 25 Oct 2013 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238559 The Tribunal found the appellant liable for service tax shortfall for 2009-10 and imposed a penalty under Section 78 of the Finance Act, 1994. Despite acknowledging the liability and delayed payment, the appellant did not contest it initially. The Tribunal directed the appellant to pay interest on the delayed service tax payment. An approximate 13% interest per annum was calculated, resulting in a directive for the appellant to deposit Rs.10 lakhs within four weeks. The Tribunal allowed a waiver of pre-deposit for the balance amounts, with recovery stayed pending appeal disposal. This case emphasizes timely tax payments and the repercussions of delays, urging parties to contest liabilities promptly for fair resolution. Case-Laws Service Tax Tue, 16 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238559