2008 (4) TMI 238 - AT - Service Tax

Penalty of Rs.10, 000/- imposed under Section 77 and of Rs.1 lakh imposed under Section 76 of the Finance Act 1994 stands challenged in the present appeal - held that the said penalty stands imposed for late filing of ST-3 returns and for late deposit of tax. There is almost a delay of around 1400-1500 days. Commissioner (Appeals) has already reduced penalty under the provisions of Section 76 to Rs.1 lakh - no reason to further reduce the same

Summary

The Appellate Tribunal CESTAT Ahmedabad rejected the appeal challenging penalties of Rs.10,000 under Section 77 and Rs.1 lakh under Section 76 of the Finance Act, 1994 for late filing of ST-3 returns and late tax deposit, with a delay of around 1400-1500 days. The Commissioner had already reduced the penalty under Section 76 to Rs.1 lakh. The appeal was rejected.