Mention the Provisions of the penalty under the GST Law relating to the following offences: (iii) Jai fails to deduct tax in accordance with the provision of section 51 of CGST Act, 2017 of ₹15,000, such deduction of an
CS Professional · Advanced Tax Laws · PYQS · June 2022
Mention the Provisions of the penalty under the GST Law relating to the following offences: (iii) Jai fails to deduct tax in accordance with the provision of section 51 of CGST Act, 2017 of ₹15,000, such deduction of an amount which is less than the amount required to be deducted from his client.
Answer & Explanation:
Case Offences prescribed Penalties prescribed (iii) Jai fails to deduct tax in accordance with the provision of section 51 of Central Goods and Services Tax Act, 2017 of ₹15,000 deduction of an amount which is less than the amount required to be deducted. Penalty of ₹15,000 As per Section 122(1) of Central Goods and Services Tax Act, 2017 prescribed following penalties: (a) ₹ 10,000/- or (b) tax not deducted/collected, or short deducted/collected, or deducted/collected but not paid, (i.e. ₹15,000) whichever is higher
Topics: GST
Related Questions in this Topic
- Mr. Sunil has obtained a voluntary registration under the GST law in the State of Karnataka in January, 2024 but has not...
- With reference to the provision of section 83 of the CGST Act, 2017 regarding the provisional attachment of property, An...
- With reference to the provision of section 83 of the CGST Act, 2017 regarding the provisional attachment of property, An...
- With reference to the provision of section 83 of the CGST Act, 2017 regarding the provisional attachment of property, An...
- With reference to the provision of section 83 of the CGST Act, 2017 regarding the provisional attachment of property, An...