Penalty Waived for Late Service Tax Payment Due to Client Delays u/ss 76 and 80 of the Finance Act.

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....Penalty u/s 76 of FA - delay in payment of service tax - appellant has been reflecting the tax liability in their ST-3 returns but could not pay up the tax only because they did not receive the payments from their clients within proper time - reasonable cause for the delay in paying the service tax - a fit case for invoking Section 80 of the FA - no penalty....