TaxTMI 
TaxTMI 
Penalty for wrong issuance of invoice is overall or per invoice
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....enalty for wrong issuance of invoice is overall or per invoice<br> Query (Issue) Started By: - Abhijeet Mane Dated:- 23-3-2023 Last Reply Date:- 29-3-2023 Goods and Services Tax - GST<br>Got 6 Replies<br>GST<br>Whether the penalty for wrong issuance of invoice is 10,000 per invoice or is it overall 10,000 irrespective of number of invoice. Reply By KASTURI SETHI: The Reply: It is per offence. R....
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....eply By Padmanathan Kollengode: The Reply: Abhijeet sir, pls elaborate what is the actual mistake in invoice. Reply By Abhijeet Mane: The Reply: Wrong HSN, however no impact on rate Reply By KASTURI SETHI: The Reply: Mere wrong mention of HSN, especially, in the event of no revenue loss has been caused, is exonerable procedural offence. Although as per GST Rules, penalty is imposable, yet i....
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....t being a minor offence is ignorable. Practically, the department does not impose penalty in such cases. Reply By Amit Agrawal: The Reply: No penalty, in given facts, due to Section 126 (1) of the CGST Act, 2017. These are ex facie views of mine and the same should not be construed as professional advice / suggestion. Reply By Padmanathan Kollengode: The Reply: Agreed with the views of the ex....
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....perts. This is not "wrong issuance of invoice" but only a "mistake in the invoice issued". Hence, general penalty can be levied which can be justified under Section 126. It is assumed that mistake in HSN was clerical error and not misclassification and also that the correct rate of tax is collected and paid. The facts of the case has to be seen holisticaly.<br> Discussion Foru....
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