https://www.taxtmi.com/forum/issue?id=118955 A taxpayer claimed excess ITC and the proper officer, via DRC-01, proposed reversal and imposed penalty under the GST penalty provision as the higher of a fixed percentage of tax or a fixed monetary sum for each tax component; an argument is available to contest the penalty by invoking the minor breach limitation to seek remission or reduction through representation and appeal. en-us Fri, 26 Jan 2024 00:33:32 +0530 Fri, 24 Jan 2025 10:40:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118955 A taxpayer claimed excess ITC and the proper officer, via DRC-01, proposed reversal and imposed penalty under the GST penalty provision as the higher of a fixed percentage of tax or a fixed monetary sum for each tax component; an argument is available to contest the penalty by invoking the minor breach limitation to seek remission or reduction through representation and appeal. Discussion-Forum GST Fri, 26 Jan 2024 00:33:32 +0530 https://www.taxtmi.com/forum/issue?id=118955