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Home Acts & Rules GST Draft-Bills-Reports FAQ on GST dated 21.9.2016 based on Draft Model GST Chapters List Chapter 20 Offences and Penalties, Prosecution and Compounding This

Question 4 - What is the quantum of penalty provided for in the MGL - FAQ on GST dated 21.9.2016 based on Draft Model GST

FAQ on GST dated 21.9.2016 based on Draft Model GST
Chapter 20
Offences and Penalties, Prosecution and Compounding
  • Contents

Q 4. What is the quantum of penalty provided for in the MGL?

Ans. Section 66(1) provides that any taxable person who has committed any of the offences mentioned in section 66 shall be punished with a penalty that shall be higher of the following amounts:

  • The amount of tax evaded, fraudulently obtained as refund, availed as credit, or not deducted or collected or short deducted or short collected, or
  • A sum of ₹ 10,000/-.

Further Section 66(2) provides that any registered taxable person who repeatedly makes a short payment of tax shall be a liable to penalty which will be the higher of : 

  • 10% of the tax short paid, or
  • ₹ 10,000.
 
 
 
 

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