Penalty us.73(9) of the CGST Act 2017

[SUBRATA RAY]

SCN issued to the assessee for non payment of tax within 30 days from due date as per provision of S73(9) what are the grounds to be raised for exoneratiing the assessee from penalty

[KASTURI SETHI]

What are the genuine reasons for non-payment of tax within 30 days ?

AI Summary

Penalty for late tax payment: demonstrate genuine reasons for delay to seek exoneration from penalty in response to SCN. SCN issued under the penalty provision for failure to pay tax within the prescribed 30 day period raises the operative question of what grounds an assessee may advance to avoid penalty; the identified defense is demonstrating genuine reasons for non payment within the 30 day window and evidencing those reasons in reply to the show cause notice as grounds for exoneration.