What is penalty for RCM not charged under GST ?
Query (Issue) Started By: – nagendra v Dated:- 14-6-2018 Last Reply Date:- 28-6-2018 Goods and Services Tax – GST
Got 3 Replies
GST
Sir\/Madam,
\n I want to know the penalty or causes for ignoring\/omitting GST taxes under Reverse Charge mechanism
\n please help me with this issue
\nThank you
\nReply By KASTURI SETHI:
\nThe Reply:
\nRead Section 122 (2) (a) & (b) of CGST Act, 2017. It is minimum 10,000\/- or equal to the amount of tax evaded, w<\/p>\n
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