Mention the Provisions of the penalty under the GST Law relating to the following offences: (iv) Vijay fails to collect tax in accordance with the provision of section 52 of CGST Act, 2017 of ₹2,000 such deduction of an

Case Offences prescribed Penalties prescribed (iv) Vijay fails to collect tax in accordance with the provision of section 52 of Central Goods and Services Tax Act, 2017 of ₹2,000 such deduction of an amount which is less than the amount required to be collected. Penalty of ₹10,000 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. ₹2,000) whichever is higher