Penalty Under GST Act Section 129(3) for Incorrect Tax Classification on Invoice; Possible Reduction if Correct in Monthly Returns.

Penalty Under GST Act Section 129(3) for Incorrect Tax Classification on Invoice; Possible Reduction if Correct in Monthly Returns. https://www.taxtmi.com/highlights?id=69355 Levy of penalty under sub-section (3) of Section 129 of GST Act - In the invoice accompanying the goods, the tax paid was shown to be under CGST & SGST, whereas it should have been shown as tax paid towards IGST - If the officer finds that the amount has been correctly shown as IGST in the monthly returns filed for the month of July 2022, notwithstanding the issuance of Ext.P13 order, the officer shall consider whether the mistake committed by the petitioner can be penalized by imposing a minor penalty. - HC en-us Fri, 21 Apr 2023 13:25:23 +0530 Fri, 21 Apr 2023 13:25:23 +0530 TaxTMI RSS Generator Penalty Under GST Act Section 129(3) for Incorrect Tax Classification on Invoice; Possible Reduction if Correct in Monthly Returns. https://www.taxtmi.com/highlights?id=69355 Levy of penalty under sub-section (3) of Section 129 of GST Act - In the invoice accompanying the goods, the tax paid was shown to be under CGST & SGST, whereas it should have been shown as tax paid towards IGST - If the officer finds that the amount has been correctly shown as IGST in the monthly returns filed for the month of July 2022, notwithstanding the issuance of Ext.P13 order, the officer shall consider whether the mistake committed by the petitioner can be penalized by imposing a minor penalty. - HC Highlights GST Fri, 21 Apr 2023 13:25:23 +0530 https://www.taxtmi.com/highlights?id=69355