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?
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.
CAclubindia
