I have made payment of wrongly availed credit vide TRAN-1 through DRC-03.
Am i liable for 15% penalty before issuance of any notice?
or only liable for payment alongwith interest?
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penalty on transitional credit
Replies (1)
Yes ....... Before issuance of Notice if taxpayer discharge the liability as per section 73(1) CGST Act is liable to pay penalty 15%
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