Penalty for failure to register certain machines used in manufacture of goods as per special procedure [ Section 122A ] - GST Ready Reckoner - GST

Penalty for failure to register certain machines used in manufacture of goods as per special procedure [ Section 122A inserted vide Finance Act, 2024 w.e.f. 01 October 2024 ] Notwithstanding anything contained in this Act, where any person, who is engaged in the manufacture of goods in respect of which any special procedure relating to registration of machines has been notified under section 148 , acts in contravention of the said special procedure, he shall, in addition to any penalty that is paid or is payable by him under Chapter XV (i.e. From Section 73 to section 84 ) or any other provisions of this Chapter, be liable to pay a penalty equal to an amount of ₹ 1,00,000/- for every machine not so registered. Exclude the Machinery from section 122A(1) In addition to the penalty under section 122A(1), every machine not so registered shall be liable for seizure and confiscation: Such machine shall not be confiscated where - (a) the penalty so imposed is paid; and - (b) the registration of such machine is made in accordance with the special procedure within three days of the receipt of communication of the order of penalty. .