https://www.taxtmi.com/caselaws?id=346945 The Tribunal held that penalties under Sections 76 and 78 of the Finance Act, 1994 were not applicable to the appellant. The delay in payment of service tax was attributed to confusion over the reverse charge mechanism and delayed responses from ICICI Bank, not intentional wrongdoing. As the entire service tax along with interest had been paid, the penalties were set aside, and the appeal was allowed in favor of the appellant. en-us Tue, 18 Jul 2017 00:00:00 +0530 Fri, 25 Aug 2017 07:05:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346945 The Tribunal held that penalties under Sections 76 and 78 of the Finance Act, 1994 were not applicable to the appellant. The delay in payment of service tax was attributed to confusion over the reverse charge mechanism and delayed responses from ICICI Bank, not intentional wrongdoing. As the entire service tax along with interest had been paid, the penalties were set aside, and the appeal was allowed in favor of the appellant. Case-Laws Service Tax Tue, 18 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346945