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Penalty section
penalty section and what is percentage fixed
Replies (5)
Can't get Your query....?
Can You elaborate with details...?
Can You elaborate with details...?
Penalty............?
Intrest on access itc utilized not paid than what is penalty applicable and which percent
What type of Penalty ???
According to the Provision of Section 125 of the CGST Act 2017, General Penalty of Rs. 25,000 under each Act ( CGST - Rs. 25,000 + SGST - Rs. 25,000 = Rs. 50,000/- ) is levied.
According to the Provision of Section 125 of the CGST Act 2017, General Penalty of Rs. 25,000 under each Act ( CGST - Rs. 25,000 + SGST - Rs. 25,000 = Rs. 50,000/- ) is levied.
An offender not paying tax or making shot payments must pay a penalty of 10% of the tax amount due subject to a minimum ₹ 10000/-Consider-in case tax has not been paid or a short payment is made ,a minimum penalty of ₹ 10000/-has to be paid.The maximum oenay is 10% of the tax paid.
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