Offences and Penalties under GST Act

Offences and Penalties under GST Act Offences and Penalties under GST Act, penalties under gst, offences under gst, penalty for late filing of gst return, gst penalty rules has been prescribed below: Under GST there are 21 offenses, few major offenses and there penalties has been mentioned below. Offences and Penalties under GST Act

Offences under GST	Penalties under GST
A. Any registered person who supplies any goods or services or both on which any tax has not been paid or short-paid or erroneously refunded, or where the input tax credit has been wrongly availed or utilised due to reasons given in Section 122(1) or due to fraud or any wilful misstatement or suppression of facts to evade tax , shall be liable to penalty of :	Ten thousand rupees or an amount equivalent to the tax evaded whichever is higher.
B. Any registered person who supplies goods or services or both on which any tax has not been paid or short-paid or erroneously refunded, or where the input tax credit has been wrongly availed or utilised due to reasons other than above, shall be liable to penalty of :	Ten thousand rupees or an amount equivalent to 10% the tax due whichever is higher.
C. Any person who: Supports offenses specified in Section 122(1). Possesses, transports, acquires, deal with the goods which are liable to confiscation under this Act and he has knowledge of such contravention. Fails to appear before the officer of central tax, when issued with a summon for appearance. Fails to issue invoice in accordance with the provisions of this Act Fails to account for an invoice in his books of account shall be liable to penalty of :	upto 25,000
D. Penalty for failure to furnish GST return.	Taxable return Twenty Five rupees for each day of the period during which the failure to furnish such return continues. This means total late fees of Rs. 50 per day (25 under CGST and 25 under SGST) Nill Return Ten rupees for each day of the period during which the failure to furnish such return continues. This means total late fees of Rs. 20 per day (10 under CGST and 10 under SGST) The maximum late fees that can be charged cannot exceed Rs 5,000.
E. If any person fails to furnish or will-fully furnishes false information to GST officer shall be liable for fine upto :	Rs. 10,000 which may extend to one hundred rupees for each day after the first day during which the offence continues subject to a maximum limit of Rs. 25,000.
F. General penalty for contravention any of the provisions of this Act or any rules made there under for which no penalty is separately provided :	upto Rs. 25,000

---

Prosecution Provisions Under GST Where a person commits the following offenses with a deliberate intention to cause fraud, then criminal proceedings shall be held against him.

• Claiming refund of CGST/SGST by fraud
• Submission of fake documents or returns
• Issuing any invoice without making a supply of goods or services
• Abetting in the fraud under GST