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section 92A of the Income-tax Act, 1961; (13) ―audit‖ means the examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made
Aug 15, 2020 · Section 122- Penalty for certain offences under GST. The section declares the offences that attract penalty as a consequence, apart from the requirement to pay the tax and applicable interest.
122. Penalty for certain offences. (1) Where a taxable person who-- (i) supplies any goods or services or both without issue of any invoice or issues an incorrect or false invoice with regard to any such supply;
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Section 122 - Penalty for certain offences of CGST ACT, 2017. 122. (1) Where a taxable person who–– (i) supplies any goods or services or both without issue of any invoice or issues an incorrect or false invoice with regard to any such supply; (ii) issues any invoice or bill without supply of goods or services or both in
benefit of transactions specified under sub-section (1A) of section 122 of CGST Act, and at whose instance such transactions are conducted, shall also be liable for penal action under the provisions of the said sub-section.
Mar 28, 2024 · Section 122 of the Central Goods and Services Tax Act, 2017 has been notified by the Ministry of Finance vide Notification No. 9/2017-Central Tax, G.S.R. 658 (E), dated 28.06.2017. This notification was come into force from 1st July, 2017 i.e. the commencement date of section 122 is 1-7-2017. Relevant Rules and Forms for GST Section 122:
