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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
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