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?
Replies (1)
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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