NOTICE U/S 74(5) FOR THE CURRENT F.Y.

[Renju Joy]

I have missed to show reverse charge on inward supplies in GSTR 3B for the month of June 2019.

Now I have received a notice dated 29.02.2020 u/s 74(5) for this non payment. Am I able to show this in the GSTR 3B of Feb, which is pending to be filed or should I pay the tax along with penalty and interest through DRC-03.

Thanks & Regards.

AI Summary

Forum User Seeks Advice on Section 74(5) CGST Notice for Unreported Reverse Charge; Experts Recommend Paying Dues to Avoid Penalties A user on a discussion forum sought advice about handling a notice received under Section 74(5) of the CGST Act for failing to report reverse charge on inward supplies in their GSTR 3B for June 2019. Several experts responded, offering varying perspectives. Some suggested paying the tax, interest, and penalty to avoid further complications, while others highlighted the distinction between Sections 73 and 74, noting that Section 74 involves intent to evade tax. The consensus was that the user should pay the dues and communicate with the tax authorities to possibly avoid penalties, though opinions varied on the eligibility for input tax credit.