Question 8 - In case a notice is adjudicated under Section 51B and order issued confirming tax demand and penalty, does the noticee have any option to pay reduced penalty?
FAQ on GST dated 21.9.2016 based on Draft Model GST Chapter 15 Demands and Recovery
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Reduced penalty option under Section 51B permits paying tax and interest plus reduced penalty within time to end proceedings. If an order under Section 51B confirms tax and penalty, the noticee may pay the confirmed tax with interest and a reduced penalty equal to fifty percent ... Summary
Reduced penalty option under Section 51B permits paying tax and interest plus reduced penalty within time to end proceedings.
If an order under Section 51B confirms tax and penalty, the noticee may pay the confirmed tax with interest and a reduced penalty equal to fifty percent of the tax within thirty days of communication; such payment causes all proceedings in respect of that tax to be deemed concluded.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.