No Penalty for Non payment of service tax due to sudden crash in stock market

CESTAT, KOLKATA BENCH N.V. Securities v/s. Commissioner of Central Excise & Service Tax, Siliguri Order No. A-125(Kol.) of 2012 Appeal No. ST/ 276 of 2010 March 2, 2012 ORDER 1. This is an appeal filed by the appellant against the Order-in-Appeal No. 18/Slg./2010 dated 25.3.2010 passed by Commissioner of Central Excise (Appeals), Kolkata. 2. The facts of the case in brief are that the appellant is a stockbroker providing stockbroking services and is registered with the Service Tax Department. The said appellant has defaulted in making payment of service tax liability duri...