Penalty u/s 78 - reverse charge mechanism - revenue neutrality - ...

Case Laws Service Tax

August 6, 2018

Penalty u/s 78 - reverse charge mechanism - revenue neutrality - assessee could have gained nothing since the entire amount could have been available to them as CENVAT credit. Since the entire exercise is revenue neutral, no mala fide can be attributed to them - No penalty.

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Penalty u/s 78 - reverse charge mechanism - revenue neutrality - ...

Case Laws Service Tax

August 6, 2018

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