2022 (2) TMI 199

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....OUDHARY, MEMBER (JUDICIAL) Shri Krishan Garg, Advocate for the appellant Shri Ravi Kapoor, Authorised Representative for the respondent ORDER Heard the parties. 2. The issue in this appeal is whether the penalty under Section 76 and 77 has been righty imposed and whether the credit for the tax paid has not been given, is in accordance with the law. 3. The appellant are registered....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mount of subvention does not come to the appellant /assessee , at any stage and or/forming part of their business receipts. This practice was going on for the last several years, and this amount of subvention was not treated as taxable amount towards any taxable service, by the Service Tax Department or the assessee. Subsequently, the CBEC issued Circular No.87/05/2006-ST dated 6.11.2006, by obser....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... a notice after issue of Board's Circular dated 6.11.2006. No penalty is imposable on account of suppression or delay in payment of tax. 5. Ld. Counsel also points out that the appellant bonafidely, before issue of show cause notice, on being pointed out by the Department that tax is payable on Subvention, have deposited the tax even for the extended period, vide cheque no.321089 dated 3.7.2020....