Penalty for GST offences: monetary sanctions tied to tax consequences and extended liability for beneficiaries and platforms.

Section 122 establishes that specified GST offences involving fake or incorrect invoices, wrongful availment or distribution of input tax credit, tax evasion, failure to deduct or collect tax, and fraudulent acts attract penalties measured by the greater of a statutory floor or an amount equivalent to the tax consequence (tax evaded, not deducted, not collected, irregular ITC or fraudulent refund). Liability extends to persons who retain benefits and to electronic commerce operators enabling ineligible supplies, while culpability distinctions yield differing penalty tiers for non fraudulent versus fraudulent conduct.

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