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    <title>Penalty for certain offences.</title>
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    <description>The Act prescribes monetary penalties where a taxable person issues false or spurious invoices, supplies without invoicing, fails to remit collected tax, fails to deduct or collect tax as required, wrongfully avails or distributes input tax credit, makes fraudulent refund claims, falsifies records, fails registration obligations, obstructs officers, transports taxable goods without documentation, suppresses turnover, or deals with goods liable to confiscation; penalties are the stated minimum amount or an amount equivalent to the tax evaded or related tax shortfalls, whichever is higher.</description>
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      <description>The Act prescribes monetary penalties where a taxable person issues false or spurious invoices, supplies without invoicing, fails to remit collected tax, fails to deduct or collect tax as required, wrongfully avails or distributes input tax credit, makes fraudulent refund claims, falsifies records, fails registration obligations, obstructs officers, transports taxable goods without documentation, suppresses turnover, or deals with goods liable to confiscation; penalties are the stated minimum amount or an amount equivalent to the tax evaded or related tax shortfalls, whichever is higher.</description>
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