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Penalty for wrong issuance of invoice is overall or per invoice, Goods and Services Tax - GST
|Penalty for wrong issuance of invoice is overall or per invoice|
Whether the penalty for wrong issuance of invoice is 10,000 per invoice or is it overall 10,000 irrespective of number of invoice.
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It is per offence.
Wrong HSN, however no impact on rate
Mere wrong mention of HSN, especially, in the event of no revenue loss has been caused, is exonerable procedural offence. Although as per GST Rules, penalty is imposable, yet it being a minor offence is ignorable. Practically, the department does not impose penalty in such cases.
No penalty, in given facts, due to Section 126 (1) of the CGST Act, 2017.
These are ex facie views of mine and the same should not be construed as professional advice / suggestion.
Agreed with the views of the experts. This is not "wrong issuance of invoice" but only a "mistake in the invoice issued". Hence, general penalty can be levied which can be justified under Section 126.