2007 (5) TMI 700

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....ember (T) 1. This is an application filed by M/s. V.G. Paper & Boards Ltd., Udumalpet seeking waiver of pre-deposit for hearing the appeal and also for stay of recovery of interest and penalty ordered by the Commissioner on revision of the original authority's order dropping penal proceedings and demand of interest. The appellants had availed Goods Transport Operators service during the per....

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....sent of the President. As per Notification No. 4/2003 dt. 14.5.2003, such availors of GTO service were required to file return within 6 months of 13.5.2003 in line with the provisions of Section 71A. The Notification also provided that failure to pay service tax and file ST-3 return within the prescribed time would invite interest and penal consequences. 2. In the instant case, the appellants p....

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.... period by 25th of the following month. Thus, for having failed to comply with the provisions of service tax, he held the appellants liable to pay interest under Section 75 of the Finance Act 1994 and also for penalty under Section 76 of the Finance Act. He imposed a penalty of Rs. 55,176/- and demanded interest on the service tax due and paid. 4. I find that the appellants had failed to comply....