Monetary limit to adjudicate the case

[Sudhir Kumar]

Any notification for monetary limit of adjudication only for penalty?

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.