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If an e-invoice is not raised as per the GST regulations, the GST authorities may take the following actions:
1. Penalty: Imposition of a penalty of ₹25,000 under Section 125 of the CGST Act.
2. Interest: Interest on the tax liability, if not paid or short paid.
3. Cancellation of GST Registration: In case of repeated non-compliance.
4. Detention and Seizure of Goods: If the e-way bill is not generated or the invoice is not accompanying the goods.
5. Audit and Scrutiny: The GST authorities may conduct an audit or scrutiny of the business transactions.
6. Prosecution: In case of deliberate evasion or fraud. It is essential to comply with the e-invoicing regulations to avoid these consequences.
If you have already failed to raise an e-invoice, it is recommended to:
1. Consult a tax expert or chartered accountant
. 2. Rectify the non-compliance at the earliest.
3. File the e-invoice and pay any applicable tax and interest.
4. Be prepared for a possible audit or scrutiny.
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