SEC 122 CGST ACT

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..... SEC 122 CGST ACT
Query (Issue) Started By: - RAHUL GAIKWAD Dated:- 22-6-2019 Last Reply Date:- 22-6-2019 Goods and Services Tax - GST
Got 2 Replies
GST
sec 122 of CGST Act is applicable . .....

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..... ? 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 Jakkula: The Reply: Under which clause he deman .....

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..... ded penalty? Reply By KASTURI SETHI: The Reply: 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 .....

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..... 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%. .....

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

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