Penalties under gst

Interest is covered under section 50 - Any person who fails to pay tax within the timelimit shall pay along with interest of 18%. Any person who makes undue or excess claim of ITC or undue or excess reduction of output tax liability shall pay with interest of 24%
Penality - General Penality u/s 125 Rs 25000 subject to General Discipline relating to penality u/s 126. Section 122 enumerates specific penality for 21 offences. Section 123 penality for non furnishing information and section 124 penality for non furnishing of statistics.

Section 132 enumerates 11 offenses which can be prosecuted. section 134 lists cognisable offenses and 138 deals with compounding of offenses.