For assessment of cancellation dealers under sec tion 63, what section of penalty is applicable?
pls clarify sir
The proper office to issue an assessment order in Form GST ASMT-15 with in 5 years from the date specified under Section 44 for furnishing of the annual return for the financial year to which the tax not paid relates.
Order of Provisional attachment
The commission may during the pendency of any proceeding under section 63, pass an order in Form GST DRC-22, to attach any property including bank account belonging to taxable person provisionally to protect the interest of the revenue. (Section 80 of CGST Act)
Offences or Penalties in case of non-compliance with Provision
Section 122(xi) of CGST Act, where a taxable person, is liable to be registered under this Act but fails to obtain registration.
Such person shall be punished with a penalty that shall be higher of the amount of tax evaded or Rs. 10000 whichever is higher.
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