https://www.taxtmi.com/forum/issue?id=108154 Amendment to Section 78 prescribes a penalty of 100% of the service tax amount for cases involving fraud, collusion, wilful misstatement, suppression of facts or contravention with intent to evade. It allows reduced penalties: 15% if service tax, interest and reduced penalty are paid within thirty days of service of notice; 25% if paid within thirty days of an order by the Central Excise Officer. If service tax is reduced on appeal, penalty is correspondingly modified and the 25% reduced penalty is available if paid within thirty days of the appellate order. en-us Sun, 01 Mar 2015 08:25:24 +0530 Thu, 23 Jan 2025 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108154 Amendment to Section 78 prescribes a penalty of 100% of the service tax amount for cases involving fraud, collusion, wilful misstatement, suppression of facts or contravention with intent to evade. It allows reduced penalties: 15% if service tax, interest and reduced penalty are paid within thirty days of service of notice; 25% if paid within thirty days of an order by the Central Excise Officer. If service tax is reduced on appeal, penalty is correspondingly modified and the 25% reduced penalty is available if paid within thirty days of the appellate order. Discussion-Forum Service Tax Sun, 01 Mar 2015 08:25:24 +0530 https://www.taxtmi.com/forum/issue?id=108154