TaxTMI Login
Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Penalty under CGST/SGST: higher of tax evaded or prescribed minimum; higher rate for short or unpaid tax.</h1> Section 122(1) sets the penalty for offences as the higher of the amount of tax evaded, fraudulently obtained as refund, availed as credit, not deducted or collected, or short deducted or short collected, or a specified minimum monetary sum. Section 122(2) makes registered persons who have not paid or have short paid tax on supplies liable to a penalty equal to the higher of a percentage-based charge on the tax not paid or short paid, or the same specified minimum monetary sum.
TaxTMI 
TaxTMI 
