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Important GST Penalties
Penalties for offences under section 122 of CGST Act 2017.
- Fails to issue invoice or issued wrong invoice for a supply.
- Issue invoice without supply of goods or service
- Fails to pay tax collected for a period exceeding 3 months.
- Collects any tax in contravention and fails to pay to government.
- Fails to collect TCS or fails to pay to government.
- Fails to deduct TDS or fails to pay to government.
- Availing input tax credit without receipt of any goods or services.
- Fraudulently obtains refund of tax.
- Getting input tax credit illegally from a distributor.
- Furnishing wrong information, financial records, etc. while filing with the intention to evade tax.
- Failing to pay tax.
- Furnishing incorrect information at the time of registration.
- Prevents officer in discharge his duties
- Failing to send required documents while transporting goods.
- Suppress the actual turnover which results in tax evasion.
- Failing to maintain documents or books of accounts as prescribed.
- Fails to furnish information asked by an officer during any proceeding.
- Supplying goods which need to be confiscated.
- Issuing invoice using registration number of other person.
- Destroys any material evidence.
- Disposing detained goods.
For above offences penalty of Rs 10000 or amount involved whichever is higher.
Any registered person who supplies any goods or services or both on which any tax has not been paid or short-paid or erroneously refunded, or where the input tax credit has been wrongly availed or utilised,
- for any reason, other than the reason of fraud or any wilful misstatement or suppression of facts to evade tax, shall be liable to a penalty of Rs10000 or 10% of the tax due from such person, whichever is higher;
- for reason of fraud or any wilful misstatement or suppression of facts to evade tax, shall be liable to a penalty equal to Rs 10000 or the tax due from such person, whichever is higher.
Any person who––
- aids or abets any of the 21offences specified above
- acquires possession of, or in any way concerns himself in transporting, removing, depositing, keeping, concealing, supplying, or purchasing or in any other manner deals with any goods which he knows or has reasons to believe are liable to confiscation under this Act or the rules made thereunder;
- receives or is in any way concerned with the supply of, or in any other manner deals with any supply of services which he knows or has reasons to believe are in contravention of any provisions of this Act or the rules made thereunder;
- fails to appear before the officer of central tax, when issued with a summon for appearance to give evidence or produce a document in an inquiry;
- fails to issue invoice in accordance with the provisions of this Act or the rules made there under or fails to account for an invoice in his books of account,
shall be liable to a penalty which may extend to Rs 25000.
Penalties for offences under section 125 of CGST Act 2017.
Any person, who contravenes any of the provisions of this Act or any rules made thereunder for which no penalty is separately provided for in this Act, shall be liable to a penalty which may extend to Rs 25000.