9911796707
TMI Blog2015 (6) TMI 1029X X X X Extracts X X X X X X X X Extracts X X X X ..... ment - bonafide mistake pertaining to calculation of tax - Superintendent of Service tax initiated action under Section 87 of the Finance Act, 1994, and directed the petitioner No. 1 to pay an amount of ₹ 25,85,877/- as “Tax Dues” immediately along with interest at the applicable rate under Section 75 of the Finance Act, 1994, notwithstanding the fact that the said amount has already been pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... heme called, Service Tax Voluntary Compliance Encouragement Scheme, 2013 , which came into effect on 13th May, 2013, in terms of Section 107(1) of the Finance Act, 2013. The petitioner No. 1 voluntarily declared a tax liability amounting to ₹ 25,85,877/-. The said amount was to be paid in two instalments, the first of which ought to have been not less than 50% of the declared amount of tax. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rity. 4. However, the Superintendent of Service Tax, Range-IV, Park Street Division, Kolkata, by a memo dated 4th March, 2015, initiated action under Section 87 of the Finance Act, 1994, and directed the petitioner No. 1 to pay an amount of ₹ 25,85,877/- as Tax Dues immediately along with interest at the applicable rate under Section 75 of the Finance Act, 1994, notwithstanding the fact ..... X X X X Extracts X X X X X X X X Extracts X X X X
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