Section 78: Penalty Must Match Service Tax Shortfall; Lower Courts Can't Reduce Statutory Penalty Amount.

Section 78: Penalty Must Match Service Tax Shortfall; Lower Courts Can't Reduce Statutory Penalty Amount. https://www.taxtmi.com/highlights?id=24671 Penalty u/s 78 - the provisions that shall apply are those existing at the time of commission of the offence. Therefore, there was no scope for the lower appellate authorities to reduce the penalty from the statutory stipulated penalty equal to amount of service tax short paid - AT en-us Thu, 10 Sep 2015 13:32:40 +0530 Thu, 10 Sep 2015 13:32:40 +0530 TaxTMI RSS Generator Section 78: Penalty Must Match Service Tax Shortfall; Lower Courts Can't Reduce Statutory Penalty Amount. https://www.taxtmi.com/highlights?id=24671 Penalty u/s 78 - the provisions that shall apply are those existing at the time of commission of the offence. Therefore, there was no scope for the lower appellate authorities to reduce the penalty from the statutory stipulated penalty equal to amount of service tax short paid - AT Highlights Service Tax Thu, 10 Sep 2015 13:32:40 +0530 https://www.taxtmi.com/highlights?id=24671