https://www.taxtmi.com/caselaws?id=370578 The appellant appealed against the imposition of a penalty under Section 78 of the Finance Act, 1994 for non-payment of service tax. The penalty was initially set at 100% of the service tax amount but was reduced to 50% as the appellant had not recorded the transactions in specified records. The penalty was consequently reduced to 50% of the service tax confirmed, and the appeal was disposed of accordingly. en-us Fri, 02 Nov 2018 00:00:00 +0530 Tue, 20 Nov 2018 07:46:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370578 The appellant appealed against the imposition of a penalty under Section 78 of the Finance Act, 1994 for non-payment of service tax. The penalty was initially set at 100% of the service tax amount but was reduced to 50% as the appellant had not recorded the transactions in specified records. The penalty was consequently reduced to 50% of the service tax confirmed, and the appeal was disposed of accordingly. Case-Laws Service Tax Fri, 02 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370578