TMI BlogWhat are the general disciplines to be followed while imposing penalties?X X X X Extracts X X X X X X X X Extracts X X X X ..... ples of natural justice and principles governing international trade and agreements. Such general discipline is enshrined in section 126 of the Act. Accordingly- no penalty is to be imposed without issuance of a show cause notice and proper hearing in the matter, affording an opportunity to the person proceeded against to rebut the allegations levelled against him, the penalty is to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rent on record) that has been made without fraudulent intent or gross negligence. Further, wherever penalty of a fixed amount or a fixed percentage has been provided in the CGST/SGST Act, the same shall apply. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com ..... X X X X Extracts X X X X X X X X Extracts X X X X
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