https://www.taxtmi.com/acts?id=23232 The Model GST law lists numerous taxable person offences including invoice fraud, non remittance of collected or deducted tax, improper use or distribution of input tax credit, fraudulent refund claims, falsified records, failure to register or to maintain books, obstruction of officers, and handling goods liable to confiscation. These offences attract a penalty equal to a prescribed fixed sum or an amount equivalent to the tax evaded or related tax shortfall or irregular credit/refund, whichever is higher, while non fraudulent short payments or wrong credits by registered persons attract a separate fixed or percentage based penalty. en-us Mon, 28 Nov 2016 11:49:04 +0530 Mon, 28 Nov 2016 18:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23232 The Model GST law lists numerous taxable person offences including invoice fraud, non remittance of collected or deducted tax, improper use or distribution of input tax credit, fraudulent refund claims, falsified records, failure to register or to maintain books, obstruction of officers, and handling goods liable to confiscation. These offences attract a penalty equal to a prescribed fixed sum or an amount equivalent to the tax evaded or related tax shortfall or irregular credit/refund, whichever is higher, while non fraudulent short payments or wrong credits by registered persons attract a separate fixed or percentage based penalty. Act-Rules Bills Mon, 28 Nov 2016 11:49:04 +0530 https://www.taxtmi.com/acts?id=23232