Penalty u/s 122 in case of bogus invoice for CGST is 100% of tax or 10000 whichever is higher.
So how much the penalty if supply is intra state and amount is 1lakh and tax is CGST is 9000 , sgst is 9000.
Please clarify?
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Penalty u/s 122 for bogus invoice?
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According to the GST Act, Section 122 (1A), whoever issues any invoice or bill without the supply of goods or services shall be liable to pay a penalty of an amount equivalent to the tax evaded or the input tax credit availed fraudulently or the refund obtained fraudulently, whichever is more substantial.
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