I have made payment of wrongly availed credit vide TRAN-1 through DRC-03.
Am i liable for 15% penalty before issuance of any notice?
or only liable for payment alongwith interest?
1 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 22 February 2019
Yes ....... Before issuance of Notice if taxpayer discharge the liability as per section 73(1) CGST Act is liable to pay penalty 15%
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