https://www.taxtmi.com/caselaws?id=438968 The Tribunal upheld the Commissioner's decision confirming a service tax demand of Rs. 1,41,31,604 against the appellant for failure to deposit collected service tax. The invocation of sections 72 and 73 of the Finance Act, 1994 was deemed appropriate due to lack of evidence of tax deposit. The appellant's argument for a lower tax rate under the composite scheme for works contract was rejected. The imposition of penalty under section 78 was upheld, and the request for remand was denied. The Tribunal dismissed the appeal, affirming the service tax demand, interest, and penalties. en-us Wed, 31 May 2023 00:00:00 +0530 Tue, 13 Jun 2023 22:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438968 The Tribunal upheld the Commissioner's decision confirming a service tax demand of Rs. 1,41,31,604 against the appellant for failure to deposit collected service tax. The invocation of sections 72 and 73 of the Finance Act, 1994 was deemed appropriate due to lack of evidence of tax deposit. The appellant's argument for a lower tax rate under the composite scheme for works contract was rejected. The imposition of penalty under section 78 was upheld, and the request for remand was denied. The Tribunal dismissed the appeal, affirming the service tax demand, interest, and penalties. Case-Laws Service Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438968