Penalty for fraudulent utilisation of input tax credit for claiming refund

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..... enalty for fraudulent utilisation of input tax credit for claiming refund. 114AC. Where any person has obtained any invoice by fraud, collusion, wilful misstatement or suppression of facts to utilise .....

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..... ion 2 of the Central Goods and Services Tax Act, 2017 (12 of 2017.).] ************ NOTES:- 1. Inserted vide THE FINANCE ACT, 2021 dated 28-03-2021 w.e.f. 28-03-2021 -
Statute, statutory provis .....

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