https://www.taxtmi.com/acts?id=39651 Penalty applies where invoices obtained by fraud, collusion, wilful misstatement or suppression of facts are used to utilise input tax credit to discharge duty or tax on goods entered for exportation under a claim for refund; the provision imposes an enhanced monetary penalty calculated as a multiple of the refund claimed and adopts the GST definition of input tax credit. en-us Tue, 30 Mar 2021 15:31:12 +0530 Tue, 30 Mar 2021 15:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39651 Penalty applies where invoices obtained by fraud, collusion, wilful misstatement or suppression of facts are used to utilise input tax credit to discharge duty or tax on goods entered for exportation under a claim for refund; the provision imposes an enhanced monetary penalty calculated as a multiple of the refund claimed and adopts the GST definition of input tax credit. Act-Rules F. Acts / Amendment Acts Tue, 30 Mar 2021 15:31:12 +0530 https://www.taxtmi.com/acts?id=39651