Penalty if correct GST return not filed

By | October 7, 2018
(Last Updated On: October 7, 2018)

Penalty if GST Returns not filed correctly

I am Composition Scheme Dealer . I have not shown Inward Supply (Purchases) details in GSTR 4 for Quarter July 2018 to September 2018 . What will be the implication ?

Section 122 of CGST Act 2017

Penalty for certain offences.

71 122.(1) Where a taxable person who—

(x)falsifies or substitutes financial records or produces fake accounts or documents or furnishes any false information or return with an intention to evade payment of tax due under this Act;


he shall be liable to pay a penalty of ten thousand rupees or an amount equivalent to the tax evaded or the tax not deducted under section 51 or short deducted or deducted but not paid to the Government or tax not collected under section 52 or short collected or collected but not paid to the Government or input tax credit availed of or passed on or distributed irregularly, or the refund claimed fraudulently, whichever is higher.

Section – 125, Central Goods And Services Tax Act, 2017

General penalty.

125. Any person, who contravenes any of the provisions of this Act or any rules made thereunder for which no penalty is separately provided for in this Act, shall be liable to a penalty which may extend to twenty five thousand rupees.


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