2010 (1) TMI 183

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..... er with interest prior to the issue of the show-cause notice. In revision, the Commissioner imposed a penalty of Rs. 1,24,607 in terms of section 76, together with penalty of Rs. 1,000 under section 77, hence this appeal. Held that- appeal is partly allowed by reducing the penalty. - S/305 OF 2008 - 61 OF 2010 - Dated:- 8-1-2010 - MS. JYOTI BALASUNDARAM, VICE PRESIDENT R.P. Renganathan for .....

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..... amount of service tax payable, as per the proviso to section 76 itself. I, therefore, restrict the penalty to Rs. 21,079 which is the admitted service tax liability of the appellants. Regarding penalty under section 77, it is required to be upheld for the reason that the assessees did not file ST-3 Returns within the time-limit prescribed under the Act. 3. The appeal is thus partly allowed by r .....

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