https://www.taxtmi.com/article/detailed?id=10376 Penalty under Section 74 requires proof of dishonest intent or willful suppression; audit findings alone do not suffice to impose penalty. Genuine inadvertent errors or minor procedural lapses should attract tax and interest rather than punitive consequences. Audit officers must adduce cogent evidence of malafide intention and issue clear statutory penalty notices; vague or mechanical invocation of penalty provisions is legally vulnerable. Administrative guidance and a uniform audit code are recommended to prevent arbitrary penalty impositions and needless litigation. en-us Wed, 04 May 2022 11:45:48 +0530 Wed, 04 May 2022 11:45:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10376 Penalty under Section 74 requires proof of dishonest intent or willful suppression; audit findings alone do not suffice to impose penalty. Genuine inadvertent errors or minor procedural lapses should attract tax and interest rather than punitive consequences. Audit officers must adduce cogent evidence of malafide intention and issue clear statutory penalty notices; vague or mechanical invocation of penalty provisions is legally vulnerable. Administrative guidance and a uniform audit code are recommended to prevent arbitrary penalty impositions and needless litigation. Articles Goods and Services Tax - GST Wed, 04 May 2022 11:45:48 +0530 https://www.taxtmi.com/article/detailed?id=10376