https://www.taxtmi.com/caselaws?id=385114 The Tribunal set aside the penalty imposed under Section 70 of the Finance Act on the Appellant for not filing ST-3 Returns, as their turnover was below the exemption limit of Rs. 10 lakhs during the relevant period. The Tribunal upheld the service tax demand and interest, emphasizing adherence to procedural requirements and exemption provisions. The decision underscores the importance of timely compliance with tax regulations and recognizing genuine circumstances for exemptions based on financial thresholds specified in relevant notifications. en-us Wed, 28 Aug 2019 00:00:00 +0530 Fri, 30 Aug 2019 07:22:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385114 The Tribunal set aside the penalty imposed under Section 70 of the Finance Act on the Appellant for not filing ST-3 Returns, as their turnover was below the exemption limit of Rs. 10 lakhs during the relevant period. The Tribunal upheld the service tax demand and interest, emphasizing adherence to procedural requirements and exemption provisions. The decision underscores the importance of timely compliance with tax regulations and recognizing genuine circumstances for exemptions based on financial thresholds specified in relevant notifications. Case-Laws Service Tax Wed, 28 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385114