https://www.taxtmi.com/caselaws?id=387557 The Tribunal ruled in favor of the appellant, a diamond manufacturer, regarding liability to pay service tax under reverse charge mechanism for imported software. The appellant, despite paying the service tax and interest before the show cause notice, contested penalties under Sections 77 and 78 of the Finance Act, 1994. The Tribunal held that there was no suppression or fraud in non-payment of service tax, granting the appellant the benefit of sub-section (3) of Section 73 to avoid penalties. The Tribunal set aside the penalties imposed, emphasizing the absence of fraudulent intent and procedural fairness in penalty imposition. en-us Thu, 29 Aug 2019 00:00:00 +0530 Fri, 25 Oct 2019 13:29:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387557 The Tribunal ruled in favor of the appellant, a diamond manufacturer, regarding liability to pay service tax under reverse charge mechanism for imported software. The appellant, despite paying the service tax and interest before the show cause notice, contested penalties under Sections 77 and 78 of the Finance Act, 1994. The Tribunal held that there was no suppression or fraud in non-payment of service tax, granting the appellant the benefit of sub-section (3) of Section 73 to avoid penalties. The Tribunal set aside the penalties imposed, emphasizing the absence of fraudulent intent and procedural fairness in penalty imposition. Case-Laws Service Tax Thu, 29 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387557