As per the provisions of Section 73(3) of the Finance Act, 1994, no penalties should be imposed if the service tax liability and interest are paid before the issuance of the show cause notice
In a notable judgment, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Eastern Zonal Bench in Kolkata, set aside significant penalties imposed on the assessee/ appellant, M/s. Ashirbad Enterprises, a firm based in Gua, West Singhbhum, Jharkhand. The penalties were initially levied by the Commissioner of Central Excise & Service Tax, Jamshedpur, despite the…
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