https://www.taxtmi.com/caselaws?id=381946 The Tribunal partly allowed the appeal of the Appellant in a case involving non-payment of service tax under reverse charge mechanism. Penalties imposed under Sections 77 & 78 of the Finance Act, 1994 were set aside due to the revenue-neutral nature of the transaction and lack of intent to evade payment of duty. The Tribunal referenced the decision in Jain Irrigation Systems Ltd. vs. CCE, Nashik to support its ruling, emphasizing the importance of revenue neutrality in such cases. The Appellant's timely payment of service tax with interest before the show cause notice was a key factor in the decision to set aside the penalties. en-us Fri, 21 Jun 2019 00:00:00 +0530 Sat, 22 Jun 2019 07:05:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381946 The Tribunal partly allowed the appeal of the Appellant in a case involving non-payment of service tax under reverse charge mechanism. Penalties imposed under Sections 77 & 78 of the Finance Act, 1994 were set aside due to the revenue-neutral nature of the transaction and lack of intent to evade payment of duty. The Tribunal referenced the decision in Jain Irrigation Systems Ltd. vs. CCE, Nashik to support its ruling, emphasizing the importance of revenue neutrality in such cases. The Appellant's timely payment of service tax with interest before the show cause notice was a key factor in the decision to set aside the penalties. Case-Laws Service Tax Fri, 21 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381946