SEC 122 CGST ACT, Goods and Services Tax - GST

[RAHUL GAIKWAD]

sec 122 of CGST Act is applicable .? Penalty equivalent to Tax amount.?

My clinet had paid the Tax after 4 months. Now Officer calling him to Pay Penalty. What to do.?

Posts / Replies

[Prudhvi Jakkula]

Under which clause he demanded penalty?

[KASTURI SETHI]

If mala fide intention is proved, penalty will be equal to the amount of tax evaded/not paid. Have you paid interest or not ? Under Section 50 of CGST Act interest is required to be paid @ 18% if paid on your own. If interest and tax is paid on being pointed out by the Department and mala fide intention is involved, Rate of interest will be @24%.

It appears to me Section 122 (iii) & (iv) of CGST Act are attracted in your case. You crossed three months.