Penalty for tax evasion: higher of fixed penalty or equivalent tax amount applies for specified GST offences and related defaults.

A comprehensive penalty regime applies to specified GST offences including false or missing invoices, fraudulent refunds, improper input tax credit use or distribution, failure to deduct or collect tax, failure to register or maintain records, obstruction of officers, movement or handling of goods liable to confiscation, and tampering with evidence; penalties are prescribed as either a fixed sum or an amount equivalent to the tax evaded/related tax shortfall or irregular credit/refund, with aggravated provisions and higher ceilings for aiding, abetting, or knowing dealing in confiscable goods.

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