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of <h1>New Penalties for Unregistered Manufacturing Machines Under Section 122A of CGST Act Effective October 2024</h1> Section 122A is added to the Central Goods and Services Tax Act, imposing penalties for failing to register machines used in manufacturing under a special procedure as per section 148. If a person contravenes this procedure, they must pay a penalty of one lakh rupees per unregistered machine, in addition to any other applicable penalties. Unregistered machines are also subject to seizure and confiscation unless the penalty is paid and registration occurs within three days of penalty notification. This provision is effective from October 1, 2024, as per Notification No. 16/2024-Central Tax.
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