Penalty Payable under Section 129(1a)

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..... Goods Intercepted 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 bee .....

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..... n made Correctly. 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 .....

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..... 200% penalty will 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 interc .....

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..... epted, questions 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 .....

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..... for this short payment, if any. - Penalty Payable under Section 129(1a) - Query Started By: - Manav Saurav Dated:- 27-9-2024 Last Replied Date:- 28-9-2024 Goods and Services Tax - GST - Got 1 Reply .....

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..... - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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