Service Tax: Suppression of Facts: Extended Period of Limitation Can Be Invoked For Assessment/Penalty Proceedings

Principal Commissioner of Central Tax And Central Excise Vs South Indian Bank Ltd. (Kerala High Court) The Hon’ble High Court of Kerala in the Principal Commissioner of Central Tax and Central Excise Vs. South Indian Bank Ltd (C.E. Appeal No. 3 of 2020/dated: 29.07.2022) held that, on the facts and circumstances of the case, there was non-payment of service tax from 1.4.2007 and it can be brought under clause (d) of section 73 of the Act (Finance Act,1994), which is suppression of fact. Hence the invocation of extended period of limitation by the department can be sustained. Further it is he...