https://www.taxtmi.com/caselaws?id=752569 Extended limitation under service tax required specific allegations and proof of fraud, collusion, wilful mis-statement or suppression; in the absence of such averments, and where records and returns were available to the department, the demand was time barred. For general insurance premium, the service tax rate had to be linked to the legally relevant date of premium receipt and risk assumption, not mechanically applied to the entire month on a rate change; the demand and penalties on that basis were unsustainable. Interest remained payable on admitted delayed payment of service tax, because liability to interest followed the belated remittance independently of the larger dispute. en-us Thu, 02 May 2024 00:00:00 +0530 Mon, 13 May 2024 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752569 Extended limitation under service tax required specific allegations and proof of fraud, collusion, wilful mis-statement or suppression; in the absence of such averments, and where records and returns were available to the department, the demand was time barred. For general insurance premium, the service tax rate had to be linked to the legally relevant date of premium receipt and risk assumption, not mechanically applied to the entire month on a rate change; the demand and penalties on that basis were unsustainable. Interest remained payable on admitted delayed payment of service tax, because liability to interest followed the belated remittance independently of the larger dispute. Case-Laws Service Tax Thu, 02 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752569