Menu
DRC01 under gst
The gst dept. has issued DRC01 for nonpayment of tax during 17-18 u/s 74(1) of cgst/sgst act mentioning penalty equal to 100% of tax.Can the dept.issue DRC01 before due date of annual return without any issuance of show cause notice?Is the penalty amount correct in DRC01?
Replies (4)
DRC 01 is SCN under Section 74(1).
Officer may issue showcause notice for fy17-18 anytime till 31.05.2024 (5 years less 6months of order from 30.11.2019 i.e., due date of annual return)
Penalty is stringent under section 74 and its 100% of tax unfortunately.
Officer may issue showcause notice for fy17-18 anytime till 31.05.2024 (5 years less 6months of order from 30.11.2019 i.e., due date of annual return)
Penalty is stringent under section 74 and its 100% of tax unfortunately.
Thank you.
As per section 74(9) read with sub rule (4) of Rule 142 ' You can file reply in DRC 06 within 30day from the date of issue of SCN & can request for personal hearing therein.
Thank u pankaj ji
Recent Topics :
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
Related Topics :
CAclubindia
