GST Act Section 122: Penalties for Fake Invoices, Tax Evasion, and Non-Payment Detailed; Fines Up to Rs. 25,000 Imposed.

Section 122 of the GST Act outlines penalties for various offences, including issuing fake invoices, evading tax, and non-payment of collected taxes. Penalties include a minimum of Rs. 10,000 or amounts equivalent to the evaded tax, fraudulent input tax credit, or refunds. Additional penalties apply for aiding offences, with fines up to Rs. 25,000. Electronic commerce operators facilitating unregistered or ineligible inter-state supplies also face penalties. Clarifications address scenarios involving fake invoices, emphasizing liability for demand and recovery under sections 73 or 74 of the CGST Act.

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