Penalty for GST offences: fixed-sum or tax-equivalent sanction applies where tax, credit, or records are mismanaged or falsified. The GST penalty framework lists specific offences-false or surplus invoicing, invoices without supply, failure to remit collected tax, short or non-deduction/collection of tax, wrongful availing or distribution of input tax credit, fraudulent refunds, falsified records, failure of registration or furnishing false registration particulars, obstruction of officers, transport without prescribed documents, suppression of turnover, failure to maintain or produce accounts, dealing with goods liable to confiscation, use of another's registration number, and tampering with evidence or detained goods-and prescribes a penalty equal to a fixed amount or an amount equivalent to the tax-related loss, whichever is higher.