https://www.taxtmi.com/caselaws?id=288297 Section 76 of the Finance Act, 1994 was interpreted as prescribing a minimum penalty of Rs. 100 per day for delayed payment of service tax, capable of extending to Rs. 200 per day for continued default. Applying the binding Larger Bench view, the Tribunal noted delays in payment ranging from 95 to 187 days and treated the penalty as consistent with the statutory scheme. The separate challenge to penalty for late filing of returns was not accepted as an independent basis for relief, so the penalty was upheld. en-us Mon, 19 Jun 2006 00:00:00 +0530 Sat, 30 May 2020 11:34:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288297 Section 76 of the Finance Act, 1994 was interpreted as prescribing a minimum penalty of Rs. 100 per day for delayed payment of service tax, capable of extending to Rs. 200 per day for continued default. Applying the binding Larger Bench view, the Tribunal noted delays in payment ranging from 95 to 187 days and treated the penalty as consistent with the statutory scheme. The separate challenge to penalty for late filing of returns was not accepted as an independent basis for relief, so the penalty was upheld. Case-Laws Service Tax Mon, 19 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288297