Chapter |
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122(1): Penalty of higher of Rs.10,000 or amount which is due under below ► ► ► ► ► ► ► ► ► ► ► ► ► ► |
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122(1A): Any person retaining benefit of any ► ► Avail credit for ► Utilizes ITC without ► Takes or distributes ITC in contravention of section 20 |
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122(2): Supplier |
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Involving fraud or willful misstatement or suppression of facts to evade tax |
Higher of Rs.10,000 or the tax due |
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Other |
Higher of Rs.10,000 or 10% of the tax due |
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122(3): Penalty ► ► ► ► ► |
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|
Offence |
Penalty (Rs.) |
Maximum (Rs.) |
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123 |
Not filing return u/s 150 within specified period |
100 |
5000 |
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124 |
Failure to furnish any information or return u/s 151 or furnishing of false information |
Up |
25000 |
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125 |
Contravention of any provisions of this Act or any rules for which no |
– |
25000 |
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126 |
Penalty is not imposed for minor breaches (tax is less than Rs.5,000) of tax regulations or procedural |
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128 |
► ► ► Note: |
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► |
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Return |
Condition |
Max. limit (Rs.) |
Notification |
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GSTR-1 & 3B |
► ► |
250 |
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Other than above cases: ► |
1000 |
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► |
2500 |
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GSTR-4 |
Nil Return |
250 |
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Other than NIL Return |
1000 |
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GSTR -7 |
– |
1000 |
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GSTR-9 / 9C |
Turnover is up to Rs. |
0.02% |
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The ► ► ► ► ► ► ► ► ► ► ► ► ► ► ► ► ► ► ► |
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If |
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Person who pays such tax & penalty |
Type of goods |
% of Penalty |
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Owner |
Taxable Exempted |
100% 2% |
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Transporter |
Taxable Exempted |
50% 5% |
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If Note: Total Penalty is the sum of the penalties |
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130 |
If ► ► ► ► ► |
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Person ► ► ► ► ► ► ► |
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Tax evaded or ITC wrongly availed or refund wrongly taken |
Fine &/or imprisonment up to |
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500 |
5 |
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200 |
3 |
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100 |
1 |
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Person ► ► ► |
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137 |
Persons deemed to be guilty of offence: ► ► |
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- Transitional provisions (139-142)
- Liability to pay & advance ruling (85-106)