https://www.taxtmi.com/caselaws?id=355326 The Tribunal upheld the tax liability under reverse charge mechanism, confirming the penalty under section 77 for late filing of returns. The non-imposition of penalty under section 78 was upheld due to the absence of intentional fraud by the appellant. The Tribunal emphasized that revenue neutrality cannot excuse non-payment of taxes, dismissing the appellant's argument that tax payable on reverse charge was available as credit. Both appeals were dismissed, affirming the tax liability and penalties imposed. en-us Mon, 12 Feb 2018 00:00:00 +0530 Fri, 09 Sep 2022 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355326 The Tribunal upheld the tax liability under reverse charge mechanism, confirming the penalty under section 77 for late filing of returns. The non-imposition of penalty under section 78 was upheld due to the absence of intentional fraud by the appellant. The Tribunal emphasized that revenue neutrality cannot excuse non-payment of taxes, dismissing the appellant's argument that tax payable on reverse charge was available as credit. Both appeals were dismissed, affirming the tax liability and penalties imposed. Case-Laws Service Tax Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355326