https://www.taxtmi.com/caselaws?id=384840 The tribunal classified commitment charges as taxable services distinct from interest, upholding the demand for service tax. It rejected the argument that commitment charges were interest or liquidated damages. The extended period of limitation was invoked due to the appellant's delay in paying service tax. Penalties under Sections 76, 77, and 78 were justified but waived under Section 80 considering the appellant's status as a public sector bank and timely tax payment. The appeal allowed setting aside penalties while upholding service tax and interest demands. en-us Wed, 21 Aug 2019 00:00:00 +0530 Sat, 03 Sep 2022 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384840 The tribunal classified commitment charges as taxable services distinct from interest, upholding the demand for service tax. It rejected the argument that commitment charges were interest or liquidated damages. The extended period of limitation was invoked due to the appellant's delay in paying service tax. Penalties under Sections 76, 77, and 78 were justified but waived under Section 80 considering the appellant's status as a public sector bank and timely tax payment. The appeal allowed setting aside penalties while upholding service tax and interest demands. Case-Laws Service Tax Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384840