Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 78 GST Law: Offence Compounding Allows Settlement by Payment; Restrictions for Repeat Offenders and High-Value Cases</h1> Section 78 of the Model GST Law allows for the compounding of offences under the Act, enabling the accused to settle the offence by paying a prescribed amount to the government. This option is not available to individuals who have previously compounded similar offences, those involved in offences exceeding one crore rupees, or offences under other specified laws. Compounding is contingent upon the payment of tax, interest, and penalties. The compounding amount ranges from a minimum of ten thousand rupees or 50% of the tax involved to a maximum of thirty thousand rupees or 150% of the tax. Upon payment, no further proceedings will be initiated, and any ongoing criminal proceedings will be abated.
TaxTMI 
TaxTMI 
