https://www.taxtmi.com/acts?id=29341 A taxable person committing listed offences - false or absent invoices, supplies without tax payment, failure to deduct or collect tax, wrongful input tax credit, fraudulent refund, falsification of records, failure of registration or disclosure, obstructing officers, transporting without documents, suppression of turnover, tampering with or disposing of detained goods - shall be liable to pay a penalty of ten thousand rupees or an amount equivalent to the tax evaded or not paid/collected/credited or refund fraudulently claimed, whichever is higher; aiding or abetting such offences attracts a penalty which may extend to twenty five thousand rupees, and separate scaled penalties apply for non-fraudulent and fraudulent wrongful availment of credit or short payment. en-us Mon, 03 Jul 2017 17:19:02 +0530 Mon, 24 Jul 2017 15:33:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29341 A taxable person committing listed offences - false or absent invoices, supplies without tax payment, failure to deduct or collect tax, wrongful input tax credit, fraudulent refund, falsification of records, failure of registration or disclosure, obstructing officers, transporting without documents, suppression of turnover, tampering with or disposing of detained goods - shall be liable to pay a penalty of ten thousand rupees or an amount equivalent to the tax evaded or not paid/collected/credited or refund fraudulently claimed, whichever is higher; aiding or abetting such offences attracts a penalty which may extend to twenty five thousand rupees, and separate scaled penalties apply for non-fraudulent and fraudulent wrongful availment of credit or short payment. Act-Rules GST - States Mon, 03 Jul 2017 17:19:02 +0530 https://www.taxtmi.com/acts?id=29341