https://www.taxtmi.com/caselaws?id=19 The Appellate Tribunal CEGAT, New Delhi, upheld the imposition of a penalty on a share broker for late filing of service tax returns despite no tax being collected. The penalty was reduced from Rs. 20,000.00 to Rs. 5,000.00 due to the appellant's non-conduct of business. The Tribunal found that while penalties under Section 76 may not apply when no tax is collected, consistent failure to file returns justifies penalty under Section 77. The appeal was dismissed, subject to the reduced penalty. en-us Tue, 02 Jun 1998 00:00:00 +0530 Tue, 01 Jul 2008 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19 The Appellate Tribunal CEGAT, New Delhi, upheld the imposition of a penalty on a share broker for late filing of service tax returns despite no tax being collected. The penalty was reduced from Rs. 20,000.00 to Rs. 5,000.00 due to the appellant's non-conduct of business. The Tribunal found that while penalties under Section 76 may not apply when no tax is collected, consistent failure to file returns justifies penalty under Section 77. The appeal was dismissed, subject to the reduced penalty. Case-Laws Service Tax Tue, 02 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19