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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.
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
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.
Section 122 of the Central Goods and Services Tax (CGST) Act 2017 outlines the penalties for various GST-related offences. It is of utmost importance for taxpayers, especially those registered under the CGST Act, to understand these provisions.
Mar 28, 2024 · Detail discussion on provisions and rules related to penalty for certain offences. Chapter XIX (Sections 122 – 138) of the Central Goods and Services Tax Act, 2017 deals with the provisions related to offences and penalties. Section 122 of CGST 2017 provides for penalty for certain offences.
Detention, seizure and release of goods and conveyances in transit.- </strong></p><p> (1) Notwithstanding anything contained in this Act, where any person transports any goods or stores any goods while they are in transit in contravention of the provisions of this Act or the rules made...
Jul 17, 2023 · Page Contents. I. Arguments for section 73 / 74 as independent penalty levying provisions. II. Levy vs Imposition: Arguments for section 122 of the Act as a penalty-levying provision. III. Intention of the legislature. IV. Position under the Central Excise Act, 1944. V. Concluding Remarks.
