Please explain the process of Issue of Order of Payment and Penalty under GST.
Please explain the process of Issue of Order of Payment and Penalty under GST.
Chiranjibi Jul. 27, 2018
The process of issuing an order for payment of tax due and the penalty for is as follows:
- The proper officer will first issue an order to the concerned person to pay the amount due, along with the penalty.
- The person has to pay the amount collected as GST and also pay interest on late payment.
- Interest period will be calculated from the date of tax collection till the date of payment. Interest rates will be prescribed later.
- The order needs to be issued within one year from the date of issue of the show cause notice.
- If the Tribunal or court issues a stay order then the period of such stay shall be excluded from the period of one year.
