1998 (12) TMI 1

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....ctions 76 and 77 of the Finance Act, 1994 for failure to pay Service Tax within the stipulated period and failure to submit the return within time as required under Rule 6 of the Service Tax Rules, 1994 and Section 70 of the Act. The Applicant's contention is that since Service Tax was introduced only with effect from 1-7-1994 on services rendered by Stock Brokers (the applicant is a Stockbroker),....