https://www.taxtmi.com/caselaws?id=360108 The Tribunal ruled in favor of the appellant, an IT-enabled service provider, in a case involving non-payment of service tax under the reverse charge mechanism for services received from a foreign company. While confirming the tax liability, the Tribunal found no intent to evade taxes and granted penalty waiver under Section 80. Citing the appellant's export-oriented status and revenue neutrality, the Tribunal set aside penalties imposed under Sections 76 and 78, aligning with Section 73(3) of the Finance Act, 1994. The judgment emphasized the appellant's lack of mala fide intent, ultimately allowing the appeal. en-us Fri, 20 Apr 2018 00:00:00 +0530 Thu, 10 May 2018 06:48:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360108 The Tribunal ruled in favor of the appellant, an IT-enabled service provider, in a case involving non-payment of service tax under the reverse charge mechanism for services received from a foreign company. While confirming the tax liability, the Tribunal found no intent to evade taxes and granted penalty waiver under Section 80. Citing the appellant's export-oriented status and revenue neutrality, the Tribunal set aside penalties imposed under Sections 76 and 78, aligning with Section 73(3) of the Finance Act, 1994. The judgment emphasized the appellant's lack of mala fide intent, ultimately allowing the appeal. Case-Laws Service Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360108