https://www.taxtmi.com/caselaws?id=265580 The Tribunal allowed the appeal, quashing the order dropping penalties under Sections 76 and 78 of the Finance Act, 1994, and confirming the balance of service tax demand and penalties. The Tribunal held that admission fees collected before the taxable service introduction date were not consideration for taxable services, emphasizing that the taxable event was the provision of services after the enactment date. The Tribunal differentiated between admission fees and term fees, ruling that admission fees did not constitute consideration for taxable services, leading to the appeal's success without costs. en-us Mon, 06 Jul 2015 00:00:00 +0530 Wed, 13 Jan 2016 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265580 The Tribunal allowed the appeal, quashing the order dropping penalties under Sections 76 and 78 of the Finance Act, 1994, and confirming the balance of service tax demand and penalties. The Tribunal held that admission fees collected before the taxable service introduction date were not consideration for taxable services, emphasizing that the taxable event was the provision of services after the enactment date. The Tribunal differentiated between admission fees and term fees, ruling that admission fees did not constitute consideration for taxable services, leading to the appeal's success without costs. Case-Laws Service Tax Mon, 06 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265580