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   What are the provisions under Section 122 of CGST?

   • Provisions under Section 122 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Penalty for Certain Offences”: (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;

   Section 122 of CGST Act 2017: Penalty for Certain Offences

   caclub.in/section-122-of-cgst-act-2017-penalty-for-certain-offences/

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   What is section 122 (1A) of GST Act 2017?

   • Section 122 (1A) of GST Act’2017. (ii) Invoice in respect of supply or receipt of goods or services or both issued by the person or any other person without actual supply or receipt of such goods or services or both.

   Penalties – Fake Invoices and False Entries – GST Act 2017 - Tax Guru

   taxguru.in/goods-and-service-tax/penalties-fake-invoices-false-entries-gst-act-2017.html

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   What is Section 125 of CGST Act 2017?

   • Section 125 of the CGST Act, 2017, deals with such cases where no separate penalty is prescribed under the Act or Rules. Accordingly, it refers to cases where you contravene Provided, there is no penalty separately prescribed for such an offence under the Act. Penalty: The penalty imposable in such a case is up to Rs 25,000.

   Penalties, Late Fees And Interest Under GST-Overview - Tax Guru

   taxguru.in/goods-and-service-tax/penalties-late-fees-interest-gst-overview.html

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   What is Section 124 of CGST Act 2017?

   • Section 124 of the CGST Act, 2017, deals with penalty levied in circumstances where you fail to furnish information under section 151. According to section 151, a Commissioner has the power to collect statistics concerning any matter dealt with under the Act. He may issue a notice asking you to furnish information or returns in a prescribed format.

   Penalties, Late Fees And Interest Under GST-Overview - Tax Guru

   taxguru.in/goods-and-service-tax/penalties-late-fees-interest-gst-overview.html

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2. gstlearn.com › 2024/07/05 › summary-of-circular-noSummary of Circular No. 211/5/2024-GST – GST Learn

   gstlearn.com › 2024/07/05 › summary-of-circular-no

   3 days ago · The recipient may also face penal actions under Section 122 of the CGST Act for delayed issuance of the invoice. Implementation and Dissemination : Trade notices should be issued to publicize this clarification. Any implementation difficulties should be reported to the Board.

3. www.binarysemantics.com › blogs › itc-reversal-inITC Reversal in GST: Key Provisions and Calculation Techniques

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   4 days ago · 1. The recipient should reverse the ITC along with interest as per Section 50 of the CGST Act, 2017. 2. For this, the recipient must report the ITC reversal in Table 4(B)(2) of GSTR-3B, as this can be re-claimed later. Reversal of Blocked Credits u/s 17(5) The CGST Act specifically prohibits the utilization of ITC for some transactions.

4. taxguru.in › goods-and-service-tax › actionableActionable Claim under GST: Simplified Overview - Tax Guru

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   5 days ago · This inclusion was upheld in the case of Skill Lotto Solutions (P.) Ltd. v. Union of India [2020] 122 taxmann.com 49, where the Supreme Court confirmed its validity. As per the CGST Act, “actionable claim” is defined in Section 3 of the Transfer of Property Act, 1882. GST Implications:

5. www.taxmann.com › post › blogPenalty Equivalent to Tax Can’t Be Levied u/s 129 if ...

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   3 days ago · The department levied penalty under Section 129(1) of CGST Act, 2017 equivalent to tax applicable on value of machinery. The petitioner filed writ petition against the levy of penalty and contended that there would be no GST liability when goods are transported by an importer to his own factory.

6. www.edukating.com › news-cbic-clarification-onCBIC Clarification on Section 16(4) Time Limit in respect of ...

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   3 days ago · CBIC Clarification on Section 16 (4) Time Limit in respect of RCM supplies from unregistered persons. 05 Jul 2024. Team Edukating. 237. In such cases, the relevant Financial Year for calculation of time limit for availment of ITC Under section 16 (4) of CGST Act, 2017 will be the Financial Year in which invoice has been issued by the recipient ...

7. cbic-gst.gov.in › indexGoods & Service Tax, CBIC, Government of India :: Home

   cbic-gst.gov.in › index

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   4 days ago · Seeks to notify 01.10.2022 as the date on which provisions of sections 100 to 114, except clause (c) of section 110 and section 111 of Finance Act, 2022 shall come into force. Dear User, we would like to inform you that our CBIC Mitra Helpdesk Services will not be available from Saturday, 10th Sep, 7:00 A.M. to 11:00 P.M. due to the planned ...

8. cfo.economictimes.indiatimes.com › news › tax-legalLaw amendments approved by GST Council to be incorporated in ...

   cfo.economictimes.indiatimes.com › news › tax-legal

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   4 days ago · The GST Council also recommended amending Section 112 of the CGST Act, 2017 to allow the three-month period for filing appeals before the appellate tribunal to start from a date to be notified by the Government in respect of appeal/revision orders passed before the date of said notification.