𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗮𝗻𝗱 𝗣𝗲𝗻𝗮𝗹𝘁𝘆 𝗳𝗼𝗿 𝗥𝗲𝘁𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 𝗔𝗺𝗲𝗻𝗱𝗺𝗲𝗻𝘁 📢 𝗧𝗵𝗲 𝗧𝗿𝗶𝗯𝘂𝗻𝗮𝗹 𝗿𝘂𝗹𝗲𝗱: "Where the law provides for payment of retrospectively amended tax within a specified time, no interest is payable if payment is made within that period.

🔍 𝗙𝗮𝗰𝘁𝘀: 𝗔𝗽𝗽𝗲𝗹𝗹𝗮𝗻𝘁: Commissioner, Namakkal Municipality ⚖️ 𝗜𝘀𝘀𝘂𝗲: Can interest and penalties be waived when the service tax liability was retrospectively amended, and the appellant paid the due tax within the specified period?

📝 𝗝𝘂𝗱𝗴𝗺𝗲𝗻𝘁: The Tribunal ruled that no interest is due on retrospective tax payments made within the specified period. Citing the Star India case, it emphasized that since the appellant paid the duty on time, interest and penalties were not applicable. The appeal was allowed, and the demand for interest and penalty was rejected.

📜 𝗖𝗮𝘀𝗲 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻: 𝗧𝗶𝘁𝗹𝗲: Commissioner, Namakkal Municipality vs. Commissioner of GST & Central Excise Order Date: 05 July 2023 The decision clarifies that no interest or penalties apply if retrospective tax is paid on time.