https://www.taxtmi.com/caselaws?id=368695 The tribunal set aside the demand of interest on delayed service tax payment on advances received by a supplier of Ready Mix Cement, amounting to Rs. 7,22,775, due to time limitation constraints. While the service tax law lacks a specific time limit for demanding interest, the tribunal applied the principle that the period of limitation for the principal amount also extends to interest. As no elements for an extended period were present, and no fraud or willful misstatements were alleged, the demand of interest was dismissed on the grounds of time limitation. The taxability of activities related to supplies of ready mix concrete was not the primary issue addressed in the appeal. en-us Tue, 09 Oct 2018 00:00:00 +0530 Fri, 12 Oct 2018 09:52:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368695 The tribunal set aside the demand of interest on delayed service tax payment on advances received by a supplier of Ready Mix Cement, amounting to Rs. 7,22,775, due to time limitation constraints. While the service tax law lacks a specific time limit for demanding interest, the tribunal applied the principle that the period of limitation for the principal amount also extends to interest. As no elements for an extended period were present, and no fraud or willful misstatements were alleged, the demand of interest was dismissed on the grounds of time limitation. The taxability of activities related to supplies of ready mix concrete was not the primary issue addressed in the appeal. Case-Laws Service Tax Tue, 09 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368695