2003 (8) TMI 4 - AT - Service Tax

Service Tax Clearing and Forwarding agents (1) Failure to pay service tax (2) Levy of service tax for the C & F agents was revalidated with retrospective effect (3) Penalty not imposable

Summary

The Appellate Tribunal CESTAT, Kolkata confirmed demand of Service Tax with interest but set aside personal penalty due to retrospective re-validation of tax liability. The Tribunal held that no penalty can be imposed due to retrospective amendment not bringing penal consequences. Revenue's appeal was rejected.