https://www.taxtmi.com/caselaws?id=344362 Penalty under Section 78 of the Finance Act, 1994 was upheld where service tax had been collected from customers, reflected in receipts as included in the fee, but was retained instead of being deposited with the Government. The plea that financial difficulty prevented remittance was rejected because financial constraint is no defence once tax has already been recovered from service recipients. Authorities cited by the appellant were distinguished on the ground that they did not concern collected tax being withheld without deposit. The penalty was therefore sustained. en-us Fri, 09 Jun 2017 00:00:00 +0530 Wed, 26 Jul 2017 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344362 Penalty under Section 78 of the Finance Act, 1994 was upheld where service tax had been collected from customers, reflected in receipts as included in the fee, but was retained instead of being deposited with the Government. The plea that financial difficulty prevented remittance was rejected because financial constraint is no defence once tax has already been recovered from service recipients. Authorities cited by the appellant were distinguished on the ground that they did not concern collected tax being withheld without deposit. The penalty was therefore sustained. Case-Laws Central Excise Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344362