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Reg Penalty
Respected Sir, One of our clint received notice after inspecting of business premises. After the inspection its cleared that tax on credit note amount is not reversed and the officer is issue the notice to pay or reverse the ITC with penalty. And as per my knowledge if we pay the tax within 30 days of the issue of notice it is not necessary to pay the penalty plz help.
Replies (3)
you have to pay all taxes and penalty as imposed by the officer .
or you may appeal against notice of the officer
If demand of reversal of ITC demanded u/s 74 of the Act then penalty must have to pay or you have to file appeal.
@ vikas Singh no sir notice issued u/s 67 and 122
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