https://www.taxtmi.com/caselaws?id=344202 The Tribunal dropped the penalty under Section 76 of the Finance Act, 1994, as the appellant had paid the service tax and interest before the show cause notice. The penalty was reduced to 25% of the confirmed service tax amount based on legal precedents from the Punjab & Haryana High Court. Failure to pay within 30 days would result in liability for 100% penalty under Section 78. The decision emphasized consistency in penalty imposition and payment requirements within the Tribunal's jurisdiction. en-us Mon, 01 May 2017 00:00:00 +0530 Sat, 10 Jun 2017 05:47:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344202 The Tribunal dropped the penalty under Section 76 of the Finance Act, 1994, as the appellant had paid the service tax and interest before the show cause notice. The penalty was reduced to 25% of the confirmed service tax amount based on legal precedents from the Punjab & Haryana High Court. Failure to pay within 30 days would result in liability for 100% penalty under Section 78. The decision emphasized consistency in penalty imposition and payment requirements within the Tribunal's jurisdiction. Case-Laws Service Tax Mon, 01 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344202