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TMI BlogPenalty Payable under Section 129(1a)X X X X Extracts X X X X X X X X Extracts X X X X ..... Penalty Payable under Section 129(1a) X X X X Extracts X X X X X X X X Extracts X X X X ..... ed during Transit On which Applicable Tax Rate is 18% while Tax Invoice Raised for 12% Tax Rate. Therefore Invoice Raised for Tax Value of Rs. 100 on which Tax Paid is 12. E-way Has been made Correctl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y. Now Calculation of 200% penalty for Tax payable will be Rs. 36 or Rs. 12 Case 1 : Tax Payable on 100 will Rs. 18 while already paid Tax is 12. Therefore Tax Short Paid is 6 on which 200% penalty w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ill be 12 Case 2: Tax payable on Rs. 100 is 18 therefore Penalty under 129(1a) is 36 What does the GST Law/Rules says on this? Reply By Shilpi Jain: The Reply: While goods are intercepted, questio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ns regarding rate of tax, PoS, value of supply, etc. cannot be questioned. If there is any discrepancy in that then notice under s 73/74 should be issued. 200% penalty cannot be levied for this shor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t payment, if any. Reply By Sadanand Bulbule: The Reply: Dear querist In case of the above situation, if the proper officer is refusing to release conveyance/goods without penalty by way of treatin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g such invoice as invalid, then penalty to the tune of ₹ 500/- each under section 125 of the CGST Act and the respective State GST Act be imposed (Rs.1000/-under the IGST Act) in terms of Circul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ar No.64/38/2018-GST,dated 14th September, 2018. X X X X Extracts X X X X X X X X Extracts X X X X
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