Clause 140 - Amendment of section 138. - Finance Bill, 2023

Amendment of section 138. 140. In section 138 of the Central Goods and Services Tax Act, (a) in sub-section (1), in the first proviso, (i) for clause (a), the following clause shall be substituted, namely: (a) a person who has been allowed to compound once in respect of any of the offences specified in clauses (a) to (f), (h), (i) and (l) of sub-section (1) of section 132; ; (ii) clause (b) shall be omitted; (iii) for clause (c), the following clause shall be substituted, namely: (c) a person who has been accused of committing an offence under clause (b) of sub-section (1) of section 132; ; (iv) clause (e) shall be omitted; (b) in sub-section (2), for the words ten thousand rupees or fifty per cent. of the tax involved, whichever is higher, and the maximum amount not being less than thirty thousand rupees or one hundred and fifty per cent. of the tax, whichever is higher , the words twenty-five per cent. of the tax involved and the maximum amount not being more than one hundred per cent. of the tax involved shall be substituted.