Home Acts & Rules GST Draft-Bills-Reports Faq On GST (2nd Edition) Dated 31.3.2017 Chapters List Chapter 20 Offences, Penalties, Prosecution and Compounding This
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Question 22 - Are there any monetary limits prescribed for compounding of offence? - Faq On GST (2nd Edition) Dated 31.3.2017Extract Q 22. Are there any monetary limits prescribed for compounding of offence? Ans. Yes. The lower limit for compounding amount is to be the greater of the following amounts: - 50% of tax involved, or ₹ 10,000. The upper limit for compounding amount is to be greater of the following amounts: - 150% of tax involved or ₹ 30,000.
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