Manipur GST amendments introduce a track and trace mechanism, unique identification marking and penalties for noncompliance with specified goods. The Act inserts a statutory track and trace mechanism empowering the Government to notify specified goods and persons, prescribe and require affixation and electronic storage of a unique identification marking, mandate recordkeeping and disclosure of manufacturing machinery details, and require payment for the system; contravention attracts a penalty of one lakh rupees or ten per cent. of tax on such goods, whichever is higher, in addition to other penalties.
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.
Manipur GST amendments introduce a track and trace mechanism, unique identification marking and penalties for noncompliance with specified goods.
The Act inserts a statutory track and trace mechanism empowering the Government to notify specified goods and persons, prescribe and require affixation and electronic storage of a unique identification marking, mandate recordkeeping and disclosure of manufacturing machinery details, and require payment for the system; contravention attracts a penalty of one lakh rupees or ten per cent. of tax on such goods, whichever is higher, in addition to other penalties.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
