GST input wrongly availed but not utilised , and GST epartment has send notice regarding this

This query is : Resolved

Daya (Querist)
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14 December 2024 GST wrongly availed but not utilsed , GST department has send notice regarding this,
what will be the consequences of wrongly availed GST input from FY 2020-21 to till date.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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15 December 2024 Under Section 122 of the GST Act, penalties can be levied for wrongly availing ITC, even if it hasn't been utilized. The penalty could be either 10% or 100% of the ITC amount depending on whether the department deems there was an intent to evade tax. This notice initiates the legal procedure where you can explain the circumstances or rectify the situation. The SCN must be responded to within the specified time frame, within 30 days,