GST penalties for specified offences impose monetary fines or tax equivalent sanctions, heightened where fraud or willful misstatement exists. Specified offences attract a penalty of either a fixed sum or an amount equivalent to the tax, input tax credit, or refund involved, whichever is higher. These offences include non issuance or false issuance of invoices, collection but non remittance of tax, wrongful availment or distribution of input tax credit, fraudulent refunds, falsification of records, failure to register or furnish correct particulars, obstruction of officers, transporting taxable goods without prescribed documents, suppression of turnover, and tampering with seized goods; persons retaining benefits of such transactions are similarly liable.
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.
GST penalties for specified offences impose monetary fines or tax equivalent sanctions, heightened where fraud or willful misstatement exists.
Specified offences attract a penalty of either a fixed sum or an amount equivalent to the tax, input tax credit, or refund involved, whichever is higher. These offences include non issuance or false issuance of invoices, collection but non remittance of tax, wrongful availment or distribution of input tax credit, fraudulent refunds, falsification of records, failure to register or furnish correct particulars, obstruction of officers, transporting taxable goods without prescribed documents, suppression of turnover, and tampering with seized goods; persons retaining benefits of such transactions are similarly liable.
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