https://www.taxtmi.com/forum/issue?id=113865 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. en-us Thu, 14 Jun 2018 15:02:36 +0530 Thu, 23 Jan 2025 15:55:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113865 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. Discussion-Forum GST Thu, 14 Jun 2018 15:02:36 +0530 https://www.taxtmi.com/forum/issue?id=113865