between sec 73(9) and 122(2)(a)
or 74(9) and 122(2)(b)
is it just a repetition ?
You talking about GST? coz above sections does not exist in Income Tax
3 Replies
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 16 September 2018
122.2.Any registered person who supplies any goods or services or both on which any tax has not been paid or short-paid or erroneously refunded, or where the input tax credit has been wrongly availed or utilised
for any reason, other than the reason of fraud or any wilful misstatement or suppression of facts to evade tax, shall be liable to a penalty of ten thousand rupees or ten per cent. of the tax due from such person, whichever is higher;
for reason of fraud or any wilful misstatement or suppression of facts to evade tax, shall be liable to a penalty equal to ten thousand rupees or the tax due from such person, whichever is higher.
for any reason, other than the reason of fraud or any wilful misstatement or suppression of facts to evade tax, shall be liable to a penalty of ten thousand rupees or ten per cent. of the tax due from such person, whichever is higher;
for reason of fraud or any wilful misstatement or suppression of facts to evade tax, shall be liable to a penalty equal to ten thousand rupees or the tax due from such person, whichever is higher.
Sunish
(Freelance)
(168 Points)
Replied 16 September 2018
I posted this through the CA club GST app. I'm sure u saw it under the GST SECTION.
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