Become GST Expert
imarticus

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

SECTION 80 OF FINANCE ACT

This query is : Resolved 

08 June 2009 SHOW CAUSE NOTICE U/S 76/77/78

PENALTY REDUSED U/S 80

WHAT IS THE POSITION

08 June 2009 SECTION 80 OF FINANCE ACT 1994

08 June 2009 80. Penalty not to be imposed in certain cases. –

Notwithstanding anything contained in the provisions of section 76, section 77 or section 78, no penalty shall be imposable on the assessee for any failure referred to in said provisions, if the assessee proves that there was reasonable cause for the said failure.

Which means,if an SCN is received u/s 76,77 and or 78 if the service provider can prove the failure was on account of a reasonable cause, by a written reply to the said SCN, penalty proposal will be waived.





You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


GST Course
Zoho
caclubindia books caclubindia books


Answer Query