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ITC wrongly availed & penalty levied - Goods and Services Tax - GSTExtract Respected Members, One of my client has claimed the excess CGST of Rs 3714 and SGST 3714 in the Financial Year 2018-2019 due to an accounting error. The department has issued the form DRC-01 . In the DRC-01 , the Proper officer calculated the Penalty of 10000 for each CGST and SGST. How far it is valid to calculate the penalty at 10000 for each CGST and SGST when the total ITC to be reversed is 7428? Kindly guide me in this matter Thanks
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