https://www.taxtmi.com/caselaws?id=381129 The Appellate Tribunal CESTAT CHENNAI partially allowed the appeal in the case concerning liability of service tax under reverse charge basis. The Tribunal waived the penalty imposed under Section 78 of the Finance Act, 1994, as the appellant demonstrated reasonable cause for not paying the service tax promptly. The demand and interest were upheld, but the penalty was set aside, citing the appellant's lack of awareness regarding the tax liability and their prompt payment upon notification by the Department. en-us Mon, 06 May 2019 00:00:00 +0530 Wed, 05 Jun 2019 08:31:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381129 The Appellate Tribunal CESTAT CHENNAI partially allowed the appeal in the case concerning liability of service tax under reverse charge basis. The Tribunal waived the penalty imposed under Section 78 of the Finance Act, 1994, as the appellant demonstrated reasonable cause for not paying the service tax promptly. The demand and interest were upheld, but the penalty was set aside, citing the appellant's lack of awareness regarding the tax liability and their prompt payment upon notification by the Department. Case-Laws Service Tax Mon, 06 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381129