Recently in India, a new and latest indirect tax is applied which is known as GST. It changes the whole situation of India and many people are satisfied with the changes and find it the best way and changes of tax and rules. It replaced and cascading the old tax which is levied by the central and state government. To prevent the evasion and corruption, GST come up with the new strict provision which is an essential part to stop the corruption in India? It offends and regarding the penalties, prosecution and arrest. There are some of the penalties and appeals come under the GST. It is an important and essential step to stop the corruption in India and it prevents the tax evasion also.
Penalties under the GST in India
According to the rules and regulation in the Constitution of India, the penalties have been fixed under the GST. It is completely accurate and profitable for the people who previously bearing the loss in the business. If any offender is paying the tax or making short payments have to pay the penalty up to 10% of the tax amount with the minimum amount of Rs. 10,000. It is the penalty based on for the cases of no intention of fraud and tax evasion. In the case of fraud, the offender has to pay the penalty up to 100% due to tax evaded or short deducted amount.
Appeal under the GST Rule in India
If any person is unhappy or not satisfied with the decision against him under the GST by the authority can quickly and easily appeal to the first appellate authority. Along with this if you are not happy with the decision then you can also raise your voice and the first appellate authority can appeal to the national appellate tribunal. If it does work there completely then it walks to the high court and finally to the Supreme Court. Much investigation can lead under and during the appealing to provide the justice in the court. You can raise your voice to get the justice.
Offences under the GST in India
Along with the penalty and appealing, there are offences are also included in the rule under the GST. There are more than 20 offences under the GST and it covers the evasion, fraud, wrong invoices and many other things. Submission of the goods without an invoice and any other false invoice can lead to the penalty section. Obtain the refund by the fraud and submission the false information while registering on and under the GST. The large and long penalty has to suffer if you submit the fake financial records or documentaries submit in the government sections. If you opt for the scheme which is even taxpayer is ineligible. These a the e main offences which everyone should keep in mind and use the only correct and accurate documentaries.
These are main points of the penalties and appeal under the GST rule. It is clearly mentioned and works on the fair justice. You can read the rules and regulations clearly.