https://www.taxtmi.com/caselaws?id=387204 The Tribunal partially allowed the appeal in a case concerning liability to pay service tax under reverse charge mechanism for services received from abroad. The appellant, engaged in manufacturing, had paid the service tax demand and interest for the period 2003-2008, leading to the waiver of penalties under sections 77 & 78 of the Finance Act, 1994. The Tribunal found the case to be revenue-neutral, as the appellant had already paid the service tax and was entitled to CENVAT Credit, resulting in the invocation of Section 80 to waive the penalties. en-us Mon, 16 Sep 2019 00:00:00 +0530 Sat, 19 Oct 2019 08:23:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387204 The Tribunal partially allowed the appeal in a case concerning liability to pay service tax under reverse charge mechanism for services received from abroad. The appellant, engaged in manufacturing, had paid the service tax demand and interest for the period 2003-2008, leading to the waiver of penalties under sections 77 & 78 of the Finance Act, 1994. The Tribunal found the case to be revenue-neutral, as the appellant had already paid the service tax and was entitled to CENVAT Credit, resulting in the invocation of Section 80 to waive the penalties. Case-Laws Service Tax Mon, 16 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387204