17 November 2022
In CGST Act, 2017 penalty u/s 73 is 10% of tax or 10000 whichever is higher. As per section 20 of IGST Act, all demands and recovery provision are same as given in CGST act. So what would be the penalty amount for interstate matter 10000 as given in CGST act or we should double which makes it 20000?