GST Penalties Under CGST Act, 2017: Offenses Include Tax Evasion, Fraudulent Claims, and Incorrect Invoicing. Waivers Possible.

The GST law imposes penalties for various offenses under the CGST Act, 2017, including supply without invoices, incorrect invoicing, tax evasion, and fraudulent claims. Penalties can range from Rs. 10,000 to amounts equivalent to the tax involved, depending on the severity and nature of the offense. Specific penalties apply to e-commerce operators, failure to furnish information, and aiding in offenses. Minor violations and certain errors may not incur penalties but may attract interest. The law also allows for penalty waivers under specific conditions, and the government can recommend waivers for certain taxpayer classes.