Levy of penalty u/s 77 and 78 of the Finance Act, 1994 - evasion ...

Appellant Penalized for Service Tax Evasion u/ss 77 & 78 of Finance Act; Financial Hardship Not Accepted as Defense.

April 20, 2023

Case Laws     Service Tax     AT

Levy of penalty u/s 77 and 78 of the Finance Act, 1994 - evasion of service tax - appellant collected service tax from the service receivers but failed to deposit the service tax amount - The circumstances of financial difficulty in arranging the funds for payment of service tax collected and raising funds for the treatment of her daughter cannot be a ground to invoke Section 80 for setting aside the penalty imposed under Sections 77 and 78 of the Finance Act, 1994.- AT

View Source