Monday, 8 December 2014

Entire penalty had to set aside once reasonable cause for non-payment of ST was established; no redu

Service Tax : Penalty under section 76 cannot be reduced below that specified as minimum; however, since section 80 overrides section 76, hence, once reasonable cause is established, no penalty is imposable; section 80 does not say that even upon establishment of reasonable cause, a reduced quantum of penalty is imposable


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