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Applicability of penalty

Others 242 views 2 replies

nikhil

dhule

181 Points Posted on 20 August 2023

Sirji, having one query with regards to applicability of penalty on Fake invoicing, if a taxpayer pay tax along with applicable interest and penalty at the time of initiating of summon u/s 70 then what will be quantum of penalty, is the penalty is applicable u/s 74(5) ie 15% or u/s 122 ie 100%

Replies (2)

Suresh Kumar

Account

408 Points Posted on 18 September 2023

Please read circular Circular No. ..171. /03./2022-GST.. dated 06.07.2022

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 18 September 2023

Yes I agreed with the Suresh Kumar...

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