https://www.taxtmi.com/caselaws?id=350540 The Tribunal set aside a penalty of Rs. 19 lakhs imposed under Section 78 of the Finance Act for non-payment of service tax by the appellant, who had Cenvat credit available. The penalty was deemed unsustainable due to the revenue-neutral situation created by the available credit. The Tribunal allowed the appeal in part, reducing the penalty to Rs. 18,13,790 if the appellant paid 25% of the remaining penalty, along with service tax and interest within 30 days. The demand for service tax and interest was upheld, providing relief to the appellant in this case. en-us Wed, 27 Sep 2017 00:00:00 +0530 Wed, 08 Nov 2017 11:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350540 The Tribunal set aside a penalty of Rs. 19 lakhs imposed under Section 78 of the Finance Act for non-payment of service tax by the appellant, who had Cenvat credit available. The penalty was deemed unsustainable due to the revenue-neutral situation created by the available credit. The Tribunal allowed the appeal in part, reducing the penalty to Rs. 18,13,790 if the appellant paid 25% of the remaining penalty, along with service tax and interest within 30 days. The demand for service tax and interest was upheld, providing relief to the appellant in this case. Case-Laws Service Tax Wed, 27 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350540