https://www.taxtmi.com/caselaws?id=413650 The Tribunal confirmed the taxability of the commission received by the appellant for providing services to financial institutions under sub-section 19 of section 65 of the Finance Act. The appellant's delayed registration under the Service Tax regime was noted, leading to the imposition of a penalty. Despite prompt payment of the demanded amount and interest, the penalty was initially set at 100% but later reduced to 15% of the total demand due to the appellant's admission of liability. The order partly allowed the appeal, confirming the tax demand while reducing the penalty imposed on the appellant. en-us Wed, 13 Oct 2021 00:00:00 +0530 Mon, 18 Oct 2021 09:27:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413650 The Tribunal confirmed the taxability of the commission received by the appellant for providing services to financial institutions under sub-section 19 of section 65 of the Finance Act. The appellant's delayed registration under the Service Tax regime was noted, leading to the imposition of a penalty. Despite prompt payment of the demanded amount and interest, the penalty was initially set at 100% but later reduced to 15% of the total demand due to the appellant's admission of liability. The order partly allowed the appeal, confirming the tax demand while reducing the penalty imposed on the appellant. Case-Laws Service Tax Wed, 13 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413650