https://www.taxtmi.com/forum/issue?id=117337 A voluntary payment of tax and interest made before service of a recovery notice, accompanied by written intimation to the proper officer, prevents issuance of that recovery notice and bars imposition of the related statutory penalty. The specific penalty tied to unpaid self-assessed tax applies only when the recovery provision is invoked and where tax remains unpaid beyond thirty days of the GSTR-3B due date; otherwise, a general penalty for contraventions may be imposed after due process. Usual interest is the standard statutory rate, not the higher mala fide rate. en-us Wed, 07 Jul 2021 20:40:57 +0530 Thu, 23 Jan 2025 15:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117337 A voluntary payment of tax and interest made before service of a recovery notice, accompanied by written intimation to the proper officer, prevents issuance of that recovery notice and bars imposition of the related statutory penalty. The specific penalty tied to unpaid self-assessed tax applies only when the recovery provision is invoked and where tax remains unpaid beyond thirty days of the GSTR-3B due date; otherwise, a general penalty for contraventions may be imposed after due process. Usual interest is the standard statutory rate, not the higher mala fide rate. Discussion-Forum GST Wed, 07 Jul 2021 20:40:57 +0530 https://www.taxtmi.com/forum/issue?id=117337