CGST AND SGST PENALTY U/s 122(1) XII

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159 Points Joined October 2017
furnishes any false information with regard to registration particulars, either at the time of applying for registration, or subsequently;


Please Clarify CGST Penalty And SGST Penalty how Much

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On 30 December 2024 at 11:26 Report
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9037 Points Joined December 2011

As per Section 122(1)(c) of the Central Goods and Services Tax Act, 2017 (CGST Act) and the State Goods and Services Tax Act (SGST Act), furnishing false information with regard to registration particulars can attract penalties. CGST Penalty - The penalty for furnishing false information is ₹25,000 or an amount equivalent to the tax evaded or the tax not deducted or short-deducted or deducted but not paid, whichever is higher. SGST Penalty - Similarly, under the SGST Act, the penalty for furnishing false information is also ₹25,000 or an amount equivalent to the tax evaded or the tax not deducted or short-deducted or deducted but not paid, whichever is higher. Total Penalty - The total penalty would be the sum of the CGST and SGST penalties. - ₹25,000 (CGST) + ₹25,000 (SGST) = ₹50,000 - Or an amount equivalent to the tax evaded or the tax not deducted or short-deducted or deducted but not paid, whichever is higher. Please note that these penalties are subject to change, and it's essential to consult the relevant tax laws and regulations for the most up-to-date information.

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On 03 January 2025 at 09:19


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