https://www.taxtmi.com/caselaws?id=327962 The Appellate Tribunal CESTAT NEW DELHI upheld a penalty of &8377; 5,000 under Section 77 (2) against the appellant for failing to promptly deposit collected service tax to the Government, despite ultimately remitting the amount. The demand for interest was deemed unsustainable in light of the payment made. The case underscores the significance of timely tax deposits and the potential repercussions, such as interest and penalties, for non-compliance with the Finance Act, 1994. en-us Thu, 12 May 2016 00:00:00 +0530 Wed, 11 Jan 2017 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327962 The Appellate Tribunal CESTAT NEW DELHI upheld a penalty of &8377; 5,000 under Section 77 (2) against the appellant for failing to promptly deposit collected service tax to the Government, despite ultimately remitting the amount. The demand for interest was deemed unsustainable in light of the payment made. The case underscores the significance of timely tax deposits and the potential repercussions, such as interest and penalties, for non-compliance with the Finance Act, 1994. Case-Laws Service Tax Thu, 12 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327962