Penalties for Continuous Service Tax Defaults: Section 76 Applies to Late Payments, Not Section 78.

Penalties for Continuous Service Tax Defaults: Section 76 Applies to Late Payments, Not Section 78. https://www.taxtmi.com/highlights?id=44039 Penalty u/s 76 and 78 of FA - continuous default in paying service tax - statute has provided for cases/situations where there is a possibility of payment of Service Tax. Moreover, there is a penalty under Section 76 for delayed payment. Therefore, invoking of Section 78 for delayed payment in itself is not acceptable. en-us Tue, 22 Jan 2019 08:04:14 +0530 Tue, 22 Jan 2019 08:04:14 +0530 TaxTMI RSS Generator Penalties for Continuous Service Tax Defaults: Section 76 Applies to Late Payments, Not Section 78. https://www.taxtmi.com/highlights?id=44039 Penalty u/s 76 and 78 of FA - continuous default in paying service tax - statute has provided for cases/situations where there is a possibility of payment of Service Tax. Moreover, there is a penalty under Section 76 for delayed payment. Therefore, invoking of Section 78 for delayed payment in itself is not acceptable. Highlights Service Tax Tue, 22 Jan 2019 08:04:14 +0530 https://www.taxtmi.com/highlights?id=44039