https://www.taxtmi.com/caselaws?id=32523 Financial hardship did not excuse delayed service tax payment or failure to file the prescribed return on time, because service tax became payable on realisation of service charges and no valid explanation was shown for the statutory defaults. Penalty under Section 76 for non-payment and penalty under Section 77 for late filing were therefore warranted and upheld. However, on the overall facts and circumstances, the penalty under Section 76 was reduced, while the penalty under Section 77 was sustained unchanged. en-us Fri, 18 May 2007 00:00:00 +0530 Wed, 04 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32523 Financial hardship did not excuse delayed service tax payment or failure to file the prescribed return on time, because service tax became payable on realisation of service charges and no valid explanation was shown for the statutory defaults. Penalty under Section 76 for non-payment and penalty under Section 77 for late filing were therefore warranted and upheld. However, on the overall facts and circumstances, the penalty under Section 76 was reduced, while the penalty under Section 77 was sustained unchanged. Case-Laws Service Tax Fri, 18 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32523