https://www.taxtmi.com/caselaws?id=389759 The Tribunal set aside the penalties imposed under Sections 77 and 78 of the Finance Act, 1994, in a case concerning liability for service tax under reverse charge mechanism for services received from foreign commission agents. The appellant, a 100% EOU, was found liable for service tax but was granted waiver of penalties due to a reasonable error in non-payment without intent to evade tax. The appeal was partly allowed, emphasizing the importance of considering circumstances and cenvat credit availability for tax payment. en-us Wed, 18 Sep 2019 00:00:00 +0530 Tue, 17 Dec 2019 11:21:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389759 The Tribunal set aside the penalties imposed under Sections 77 and 78 of the Finance Act, 1994, in a case concerning liability for service tax under reverse charge mechanism for services received from foreign commission agents. The appellant, a 100% EOU, was found liable for service tax but was granted waiver of penalties due to a reasonable error in non-payment without intent to evade tax. The appeal was partly allowed, emphasizing the importance of considering circumstances and cenvat credit availability for tax payment. Case-Laws Service Tax Wed, 18 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389759