https://www.taxtmi.com/caselaws?id=188146 The Tribunal held that the penalty under Section 78 of the Finance Act, 1994 was not imposable on the appellant due to the payment of Service Tax, leading to revenue neutrality. However, the appellant was directed to pay any outstanding interest within 30 days to avoid penalty imposition. The Tribunal emphasized the appellant's liability for Service Tax under the reverse charge mechanism but acknowledged the payment made, resulting in the waiver of the penalty. The appeal was disposed of with the requirement for the appellant to settle any outstanding interest within the specified timeframe to prevent penalty imposition. en-us Thu, 21 Jan 2016 00:00:00 +0530 Sat, 19 Nov 2016 11:57:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188146 The Tribunal held that the penalty under Section 78 of the Finance Act, 1994 was not imposable on the appellant due to the payment of Service Tax, leading to revenue neutrality. However, the appellant was directed to pay any outstanding interest within 30 days to avoid penalty imposition. The Tribunal emphasized the appellant's liability for Service Tax under the reverse charge mechanism but acknowledged the payment made, resulting in the waiver of the penalty. The appeal was disposed of with the requirement for the appellant to settle any outstanding interest within the specified timeframe to prevent penalty imposition. Case-Laws Service Tax Thu, 21 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188146