the cases mentioned in sec 73 and 74 are same as in sec 122(2)
both sections specifies penalty
which shall prevail over others
mind it
I am comparing 73/74 AND 122(2)
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penalty u/s 73&74&122
Replies (4)
No it's not same ....
As per section 122(2) (a) :
penalty is 10% or 10000/- whichever is higher
And
As per section 122(2)(b):
Penalty is 100% or 10000 whichever is higher
As per section 122(2) (a) :
penalty is 10% or 10000/- whichever is higher
And
As per section 122(2)(b):
Penalty is 100% or 10000 whichever is higher
Kindly understand both the section because both the section are specified different penalty for different situations do not merge with one section to another..
thank you and congratulations
What is difference between 73 and 123 section CGSt
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