Mention the Provisions of the penalty under the GST Law relating to the following offences: (v) R.K. claimed and obtained ₹1,50,000 fraudulently by way of refund under CGST Act, 2017.
CS Professional · Advanced Tax Laws · PYQS · June 2022
Mention the Provisions of the penalty under the GST Law relating to the following offences: (v) R.K. claimed and obtained ₹1,50,000 fraudulently by way of refund under CGST Act, 2017.
Answer & Explanation:
Case Offences prescribed Penalties prescribed (v) R.K. claimed and obtained ₹1,50,000 fraudulently by way of refund under Central Goods and Services Tax Act, 2017. Penalty of ₹1,50,000 As per Section 122(1) of Central Goods and Services Tax Act, 2017 prescribed following penalties: (a) ₹ 10,000/- or (b) Refund claimed fraudulently, (i.e. ₹1,50,000) whichever is higher
Topics: GST
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