08 October 2014
The following penalties can be waived off by the superintendent under section 80 if the assessee proves that there was reasonable cause for the said failure: 1.Penalty levied under section 76 for late payment of service tax. 2.Penalty levied under section 77 for failure to register under service tax,failure to maintain proper books of accounts,failure to furnish documents to Central Excise Officer,Failure to pay tax electronically. 3.Penalty for suppressing value of taxable service levied under section 78.