TMI BlogWhat is the quantum of penalty provided for in the MGLX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he higher of : 10% of the tax short paid, or ₹ 10,000. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - ta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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