https://www.taxtmi.com/caselaws?id=334499 The Tribunal set aside penalties imposed under Section 76 of the Finance Act, 1994, and Rule 7C of the Service Tax Rules, 1994, in a case where the appellants failed to discharge service tax liability on time but paid the tax and interest before a show cause notice was issued. The Tribunal held that penalties were not warranted due to the timely payment and invoked Section 80 to prevent imposition of penalties. Late fees paid for delayed filing of returns were considered in determining the penalty under Rule 7C. The appeal was allowed based on legal arguments and precedents cited. en-us Wed, 28 Sep 2016 00:00:00 +0530 Tue, 15 Nov 2016 16:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334499 The Tribunal set aside penalties imposed under Section 76 of the Finance Act, 1994, and Rule 7C of the Service Tax Rules, 1994, in a case where the appellants failed to discharge service tax liability on time but paid the tax and interest before a show cause notice was issued. The Tribunal held that penalties were not warranted due to the timely payment and invoked Section 80 to prevent imposition of penalties. Late fees paid for delayed filing of returns were considered in determining the penalty under Rule 7C. The appeal was allowed based on legal arguments and precedents cited. Case-Laws Service Tax Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334499