TMI BlogWhat is the quantum of penalty provided for in the CGST /SGST Act?X 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 CGST /SGST Act? Ans. Section 122(1) provides that any taxable person who has committed any of the offences mentioned in section 122 shall be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a liable to penalty which will be the higher of: 10% of the tax not paid or short paid, or ₹ 10,000/- - - statute, statutory provisions legislation, law, enactment, Acts, R ..... X X X X Extracts X X X X X X X X Extracts X X X X
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