penalty for service tax

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09 June 2011 can the penalty for service tax be excused?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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11 June 2011 The penal provisions under Service Tax are provided under Sections 76, 77 and 78 of
the Finance Act,1994. Although the penalty is liable to be imposed for the circumstances covered under the said
provisions, the Section 80 of the Finance Act, 1994, provides provisions not to impose penalty, for any
failure referred to in the said provisions, if the Service Tax assessee proves that there was sufficient
cause for such failure. Lack of funds or time is not construed as ‘sufficient cause’.

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