if I received the payment as government work contractor and not shown in 3b and drc 01 has been issued then the what is the maximum penulty ?
Replies (3)
Quick Summary
This discussion clarifies when a 25% penalty on the tax amount might be applied under GST. It arises when a tax payment, particularly for government contract work not properly declared in returns (like 3B and DRC-01), is deemed a fraud case under Section 74. Paying this penalty within 30 days is advised to prevent further increases.