https://www.taxtmi.com/forum/issue?id=117107 Section 122 distinguishes penalties for specified GST contraventions between a taxable person and a registered person: Section 122(1) applies to taxable persons with a penalty equal to a specified fixed amount or the tax involved, while Section 122(2) applies to registered persons and prescribes a lower penalty for non fraudulent failures and a higher penalty where fraud or wilful misstatement or suppression to evade tax is established; the differentiation depends on registration status and the presence of fraudulent intent, and enforcement reports have been described as advisory rather than as immediate quantified demands. en-us Fri, 19 Mar 2021 12:14:54 +0530 Thu, 23 Jan 2025 15:54:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117107 Section 122 distinguishes penalties for specified GST contraventions between a taxable person and a registered person: Section 122(1) applies to taxable persons with a penalty equal to a specified fixed amount or the tax involved, while Section 122(2) applies to registered persons and prescribes a lower penalty for non fraudulent failures and a higher penalty where fraud or wilful misstatement or suppression to evade tax is established; the differentiation depends on registration status and the presence of fraudulent intent, and enforcement reports have been described as advisory rather than as immediate quantified demands. Discussion-Forum GST Fri, 19 Mar 2021 12:14:54 +0530 https://www.taxtmi.com/forum/issue?id=117107