https://www.taxtmi.com/acts?id=38771 A new sub section makes any person who retains the benefit of transactions covered by clauses (i), (ii), (vii) or (ix) of sub section (1), and at whose instance such transactions are conducted, liable to a penalty equal to the tax evaded or input tax credit availed or passed on. The amendment extends monetary liability to beneficiaries and instigators and took effect from 01-01-2021 by notification. en-us Sat, 28 Mar 2020 11:18:44 +0530 Mon, 28 Dec 2020 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38771 A new sub section makes any person who retains the benefit of transactions covered by clauses (i), (ii), (vii) or (ix) of sub section (1), and at whose instance such transactions are conducted, liable to a penalty equal to the tax evaded or input tax credit availed or passed on. The amendment extends monetary liability to beneficiaries and instigators and took effect from 01-01-2021 by notification. Act-Rules F. Acts / Amendment Acts Sat, 28 Mar 2020 11:18:44 +0530 https://www.taxtmi.com/acts?id=38771