Please Clarify Penalty SEC 122 (1) XII

Under Section 122(1)(xii) of the CGST Act, a penalty is imposed for issuing an invoice or bill without the actual supply of goods or services. The penalty for this offense is ₹10,000 or the amount of tax evaded, whichever is higher.

Regarding the maximum penalty amounts under CGST and SGST:

CGST: The maximum penalty can be up to 100% of the tax amount evaded or ₹10,000, whichever is higher.
SGST: Similarly, the maximum penalty under SGST can also be up to 100% of the tax amount evaded or ₹10,000, whichever is higher.