Monetary limit to adjudicate the case

[Sudhir Kumar]

Any notification for monetary limit of adjudication only for penalty?

[Sadanand Bulbule]

Dear Sir 

There is no any notification as far as adjudication of " penalty" is concerned. 

[Padmanathan KV]

Can you please elaborate the query? Penalty under which provision?

[Shilpi Jain]

Is the SCN only for penalty?

[Sudhir Kumar]

Is there notification for monetary limit for penalty only on 122(1)(vii) and 122(1)(ii) fake invoice case.

What is the monetary limit for deciding adjudicating authority for penalty equal to tax amount 

1. IGST 15 LAKH

2.CGST 15 LAKH + SGST 15 LAKH

[Sudhir Kumar]

SCN is only for penalty in the matter of issuing fake invoice without actual supply of goods.

[KASTURI SETHI]

Monetary limit for adjudication involves  amount of duty/tax. The same position was in vogue in pre-GST era. All the circulars whether pertaining to GST regime or pre-GST era contain instructions regarding  monetary limit of tax/duty only.

AI Summary

Discussion on Monetary Limits for GST Penalties: Provisions 122(1)(vii) and 122(1)(ii) on Fake Invoices Explained. A forum discussion centered on the monetary limits for adjudicating penalties under the Goods and Services Tax (GST) regime. The initial query sought clarification on whether there is a specific notification regarding monetary limits for penalties, particularly under provisions 122(1)(vii) and 122(1)(ii) related to fake invoices. Responses indicated no specific notification for penalties alone, with one participant noting that the monetary limits for adjudication correspond to the amount of duty or tax, similar to the pre-GST era. The discussion highlighted a penalty scenario involving fake invoices without actual goods supply.