Compounding restrictions tightened: invoice-related offences excluded and compounding charges reduced under GST amendment. Amendment restricts compounding eligibility by excluding persons involved in issuing invoices without supply from compounding and narrows proviso categories to specified compoundable offences, while revising the compounding charge structure to a reduced proportional cap of the tax involved, lowering both prior minimum and maximum amounts.
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Compounding restrictions tightened: invoice-related offences excluded and compounding charges reduced under GST amendment.
Amendment restricts compounding eligibility by excluding persons involved in issuing invoices without supply from compounding and narrows proviso categories to specified compoundable offences, while revising the compounding charge structure to a reduced proportional cap of the tax involved, lowering both prior minimum and maximum amounts.
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