TaxTMI 
TaxTMI 
Sir/Madam,
I want to know the penalty or causes for ignoring/omitting GST taxes under Reverse Charge mechanism
please help me with this issue
Thank you
What is penalty for RCM not charged under GST ?
14 Jun 2018 
3 Replies 
12220 Views Asked by
Reverse Charge Mechanism non-compliance attracts penalty under Section 122 and liability for interest and tax demand.
Liability for omitted tax under the Reverse Charge Mechanism is subject to penalty under Section 122(2)(a) & (b), which prescribes a statutory minimum or an amount equal to the tax evaded, and non-payment also attracts interest; regularising by paying tax with interest is advised. (AI Summary)
Liability for omitted tax under the Reverse Charge Mechanism is subject to penalty under Section 122(2)(a) & (b), which prescribes a statutory minimum or an amount equal to the tax evaded, and non-payment also attracts interest; regularising by paying tax with interest is advised. (AI Summary)