Friday, 4 October 2013

No ST penalty if ST was not paid due to reasonable belief

ST : Where assessee did not pay service tax on storage/handling of empty containers on reasonable belief that it was not liable to service tax i.e., assessee did not have any mala fide intention to avoid/evade Service Tax, penalties levied under section 76 were to be waived by virtue of section 80.


No comments:

Post a Comment