TMI BlogSEC 122 CGST ACTX X X X Extracts X X X X X X X X Extracts X X X X ..... 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.? - Reply By Prudhvi Jakku ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... la - The Reply = Under which clause he demanded penalty? - Reply By KASTURI SETHI - The Reply = If mala fid e intention is proved, penalty will be equal to the amount of tax evaded/not paid. Hav ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 fid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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. - SEC 122 CGST ACT - Query ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Started By: - RAHUL GAIKWAD Dated:- 22-6-2019 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management Ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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