https://www.taxtmi.com/caselaws?id=34356 Penalties for failure to pay service tax on time and file returns were upheld because the assessees were already aware of their tax liability, having paid service tax for an earlier period. No bona fide belief was established, and no request for protection under the penalty waiver provision was raised before the lower authorities. The tribunal also noted that financial hardship is not a valid ground to avoid statutory penalties. As a result, the penalties imposed for the compliance defaults were sustained. en-us Thu, 13 Aug 2009 00:00:00 +0530 Tue, 18 Jan 2011 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34356 Penalties for failure to pay service tax on time and file returns were upheld because the assessees were already aware of their tax liability, having paid service tax for an earlier period. No bona fide belief was established, and no request for protection under the penalty waiver provision was raised before the lower authorities. The tribunal also noted that financial hardship is not a valid ground to avoid statutory penalties. As a result, the penalties imposed for the compliance defaults were sustained. Case-Laws Service Tax Thu, 13 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34356