No Penalty is Imposable u/s 78 of Finance Act in case of Revenue Neutrality: CESTAT [Read Order]

No Penalty is Imposable u/s 78 of Finance Act in case of Revenue Neutrality, rules CESTAT
Penalty-CESTAT-excise-service-section-78-finance-act-TAXSCAN

The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) held that the penalty is not imposable under Section 78 of the Finance Act, 1994 in case of revenue neutrality. Show Cause Notice dated 23.10.18 was issued to the Appellant for demand of service tax of Rs.6,66,50,976/- on the services…

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