Penalty for failure to comply with track and trace mechanism imposes an additional monetary sanction alongside existing GST penalties. A specified class of persons who contravene the statutory track and trace mechanism are liable to an additional monetary sanction, payable in addition to penalties under Chapter XV or other provisions, calculated as a fixed sum or a percentage of the tax payable on the goods, whichever is higher; the provision was inserted by subsequent finance legislation with a stated effective date.
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.
Penalty for failure to comply with track and trace mechanism imposes an additional monetary sanction alongside existing GST penalties.
A specified class of persons who contravene the statutory track and trace mechanism are liable to an additional monetary sanction, payable in addition to penalties under Chapter XV or other provisions, calculated as a fixed sum or a percentage of the tax payable on the goods, whichever is higher; the provision was inserted by subsequent finance legislation with a stated effective date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.