https://www.taxtmi.com/caselaws?id=767935 The Tribunal ruled that the obligation to pay service tax on premiums collected by M/s DICGC was not enforceable under the Finance Act, 1994, as the premium did not include service tax. Consequently, the Tribunal ordered a refund to the assessee. It affirmed its jurisdiction under section 86 to address the appeal concerning interest and penalties, concluding that the interest demand was unfounded due to the lack of a valid tax liability. The Tribunal set aside the interest demand and ruled that the penalty imposed did not survive, allowing the appeal in favor of the appellant. en-us Mon, 24 Mar 2025 00:00:00 +0530 Thu, 27 Mar 2025 08:36:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767935 The Tribunal ruled that the obligation to pay service tax on premiums collected by M/s DICGC was not enforceable under the Finance Act, 1994, as the premium did not include service tax. Consequently, the Tribunal ordered a refund to the assessee. It affirmed its jurisdiction under section 86 to address the appeal concerning interest and penalties, concluding that the interest demand was unfounded due to the lack of a valid tax liability. The Tribunal set aside the interest demand and ruled that the penalty imposed did not survive, allowing the appeal in favor of the appellant. Case-Laws Service Tax Mon, 24 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767935