No interest and/ or penalty can be levied just because the Assessee had paid Service tax, which was actually not payable

No interest and/ or penalty can be levied just because the Assessee had paid Service tax, which was actually not payable https://www.taxtmi.com/article/detailed?id=6217 Because statutory liability to pay service tax on the impugned intellectual property services arose only by a later amendment adopting the Reverse Charge Mechanism, the taxpayer was not legally liable for service tax during the disputed period and consequently could not be charged interest or penalty on amounts not legally payable. en-us Wed, 15 Apr 2015 01:12:58 +0530 Wed, 15 Apr 2015 01:12:58 +0530 TaxTMI RSS Generator No interest and/ or penalty can be levied just because the Assessee had paid Service tax, which was actually not payable https://www.taxtmi.com/article/detailed?id=6217 Because statutory liability to pay service tax on the impugned intellectual property services arose only by a later amendment adopting the Reverse Charge Mechanism, the taxpayer was not legally liable for service tax during the disputed period and consequently could not be charged interest or penalty on amounts not legally payable. Articles Service Tax Wed, 15 Apr 2015 01:12:58 +0530 https://www.taxtmi.com/article/detailed?id=6217