https://www.taxtmi.com/caselaws?id=33544 Interest on belated service tax payment under Section 75 of the Finance Act, 1994 is mandatory once tax is paid late, and it cannot be cancelled on the mistaken footing that the demand is penal where the original authority had already waived penalty and confined recovery to interest. The Tribunal proceeded on an incorrect assumption in treating the demand as penalty, so its cancellation of the interest demand was unsustainable. The interest liability was therefore restored. en-us Mon, 26 May 2008 00:00:00 +0530 Sat, 05 Sep 2009 13:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33544 Interest on belated service tax payment under Section 75 of the Finance Act, 1994 is mandatory once tax is paid late, and it cannot be cancelled on the mistaken footing that the demand is penal where the original authority had already waived penalty and confined recovery to interest. The Tribunal proceeded on an incorrect assumption in treating the demand as penalty, so its cancellation of the interest demand was unsustainable. The interest liability was therefore restored. Case-Laws Service Tax Mon, 26 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33544