https://www.taxtmi.com/article/detailed?id=15805 Section 122(1A) is presented as a limited, derivative mechanism requiring a proven Section 122(1) offence, retention of benefit from specified transactions, and proof that the transaction was undertaken at the person's instance to enhance gains. In circular bill-trading arrangements, liability is argued to rest on the controlling beneficiary who avails and utilises wrongful ITC, rather than on conduit participants lacking control or benefit. Penal action requires evidence of actual supply, ITC utilisation, revenue deprivation, and a demonstrable nexus between the person and the contravention. en-us Tue, 03 Feb 2026 08:40:16 +0530 Tue, 03 Feb 2026 08:40:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15805 Section 122(1A) is presented as a limited, derivative mechanism requiring a proven Section 122(1) offence, retention of benefit from specified transactions, and proof that the transaction was undertaken at the person's instance to enhance gains. In circular bill-trading arrangements, liability is argued to rest on the controlling beneficiary who avails and utilises wrongful ITC, rather than on conduit participants lacking control or benefit. Penal action requires evidence of actual supply, ITC utilisation, revenue deprivation, and a demonstrable nexus between the person and the contravention. Articles Goods and Services Tax - GST Tue, 03 Feb 2026 08:40:16 +0530 https://www.taxtmi.com/article/detailed?id=15805