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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 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.
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 · 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.
