Composition scheme violation triggers penalty and tax assessment under relevant provisions for determination of tax and penalty. A taxable person who avails the composition scheme despite being ineligible is subject to penalty and corrective tax assessment; the composition election does not shield the taxpayer from liability and the tax payable and penalties must be determined under the applicable assessment provisions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Composition scheme violation triggers penalty and tax assessment under relevant provisions for determination of tax and penalty.
A taxable person who avails the composition scheme despite being ineligible is subject to penalty and corrective tax assessment; the composition election does not shield the taxpayer from liability and the tax payable and penalties must be determined under the applicable assessment provisions.
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