Home Forum Goods and Services Tax - GST Month 7 2022 2022 (7) This
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Penalty on wrongly availed ITC - Goods and Services Tax - GSTExtract Sir/Madam Section 50(3) has been amended as interest is payble only on the Wrongly availed and utilised ITC. I want to know that if anyone availed ITC and not utilised the same. Is he liable for penalty under section 73 and 74 . As there is still a word avail or utilise . How can we defend to waive off penalty ? If anyone has not filed GSTR 9 , however, due date has been gone, Can he take benefit to waive penalty under Section 73 instead of section 74 ? Should department charge penalty u/s 73 instead of section 74 till not filed GSTR 9 ? Regards
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