https://www.taxtmi.com/caselaws?id=377357 The tribunal ruled in favor of the appellants, manufacturers and exporters of cotton yarn, regarding the liability to pay service tax on commission paid to foreign agents under the reverse charge mechanism. The tribunal set aside the penalty imposed under Section 76, considering the prolonged litigation on the issue of liability and the appellants' lack of fault for not discharging the service tax during the relevant period. The tribunal also noted the settlement of the issue by the Hon'ble Supreme Court in a related case, which provided clarity on the liability, leading to the decision to partially allow the appeal with consequential reliefs. en-us Mon, 29 Oct 2018 00:00:00 +0530 Thu, 28 Mar 2019 07:01:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377357 The tribunal ruled in favor of the appellants, manufacturers and exporters of cotton yarn, regarding the liability to pay service tax on commission paid to foreign agents under the reverse charge mechanism. The tribunal set aside the penalty imposed under Section 76, considering the prolonged litigation on the issue of liability and the appellants' lack of fault for not discharging the service tax during the relevant period. The tribunal also noted the settlement of the issue by the Hon'ble Supreme Court in a related case, which provided clarity on the liability, leading to the decision to partially allow the appeal with consequential reliefs. Case-Laws Service Tax Mon, 29 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377357