Offences And Penalties Under GST
By Team Legistify / 2016-10-20
Prevention is always better than cure. Therefore, to avoid penalties or prosecution under India's new Goods and Services Tax, businesses should look for the most suitable HST automation services available.

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In India, each citizen is eagerly waiting for simplified Tax Reforms, which will attract investment and also create an employment opportunity through the Make in India movement. Mission-Make in India will never be successful until practices like cost competitiveness, tax reforms, ease of doing business and Digital India becomes part of our system.

Offences are most important part of any Act or Statute which provides stick to the Act for its smooth functioning and implementation. Various Penalties under the Goods and Services Tax (GST) can be imposed by the Tax Authorities to a person committing the specified offence.

As per Clause 66(1) of Model GST Law, 2016, where a taxable person who as mentioned under, " shall be liable to a penalty of INR 10,000 or an amount equivalent to the tax evaded or the tax not deducted or short deducted or deducted but not paid to the Government or input tax credit availed of or passed on or distributed irregularly, or the refund claimed fraudulently, as the case may be, whichever is higher". You can consult the best GST lawyers in India to know more.

Penalty Provision Severe towards Tax Evasion

The intention of Government has been very clear since they came to power; stricter and harsher penalty provisions for tax evaders. Current Indirect tax laws have been amended to align penalty provisions with their objective. Taking the intention forward, Model GST Law suggests that penalty provisions could get severe especially in case of tax evasion.

Prevention is always better than cure. Therefore, to avoid penalties or prosecution under India's new Goods and Services Tax, businesses should look for the most suitable HST automation services available.

Have a Legal Issue?

Get connected to the Best Lawyers and Chartered Accountants Near You!


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