TMI BlogCompounding of an offence [ Section 138 ]X X X X Extracts X X X X X X X X Extracts X X X X ..... ecified in clauses (a) to (f), (h), (i) and (l) of section 132(1) ; a person who has been accused of committing an offence under clause (b) of section 132(1) ; a person who has been convicted for an offence under this Act by a court; any other class of persons or offences as may be prescribed. Either before or after the institution of prosecution, applicant can may, make an application under section 138(1) in FORM GST CPD-01 to the Commissioner for compounding of an offence. [ Rule 162(1) of CGST Rules ] On receipt of the application, the Commissioner shall call for a report from the concerned officer with reference to the particulars furnished in the application, or any other information, which may be con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... involved and The maximum amount Rs. 30,000/- or 150% of the tax, whichever is higher of the tax involved. From 01.10.2023 The minimum amount not being less than 25% of the tax involved and The maximum amount not being more than 100% of the tax involved As per Section 138(3) On payment , the proceedings indicated will abate and no criminal proceedings can be launched. Payment of Compounding Amount [ Rule 162(6) (7) ] The applicant shall, within a period of 30 days from the date of the receipt of the order under rule 162(3) , pay the compounding amount as ordered by the Commissioner and shall furnish the proof of such payment to him. [ Rule 162(6) ] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Offence specified in clause (c) of section 132(1) of the CGST Act 3 Offence specified in clause (d) of section 132(1) of the CGST Act 4 Offence specified in clause (e) of section 132(1) of the CGST Act 5 Offence specified in clause (f) of section 132(1) of the CGST Act Amount equivalent to 25% of tax evaded. Amount equivalent to 25% of tax evaded. 6 Offence specified in clause (h) of section 132(1) of the CGST Act 7 Offence specified in clause (i) of section 132(1) of the CGST Act 8 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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