Section 126 – General disciplines related to penalty of CGST ACT, 2017<\/p>\n
126. (1) No officer under this Act shall impose any penalty for minor breaches of tax
\nregulations or procedural requirements and in particular, any omission or mistake in
\ndocumentation which is easily rectifiable and made without fraudulent intent or gross
\nnegligence.
\nExplanation.\u2013\u2013For the purpose of this sub-section,\u2013\u2013
\n(a) a breach shall be considered a \u2018minor breach\u2019 if the amount of tax involved is
\nless than five thousand rupees;
\n(b) an omission or mistake in documentation shall be considered to be easily
\nrectifiable if the same is an error apparent on the face of record.
\n(2) The penalty imposed under this Act shall depend on the facts and circumstances of
\neach case and shall be commensurate with the degree and severity of the breach.
\n(3) No penalty shall be imposed on any person without giving him an opportunity of
\nbeing heard.
\n(4) The officer under this Act shall while imposing penalty in an order for a breach of
\nany law, regulation or procedural requirement, specify the nature of the breach and the
\napplicable law, regulation or procedure under which the amount of penalty for the breach has
\nbeen specified.
\n(5) When a person voluntarily discloses to an officer under this Act the circumstances
\nof a breach of the tax law, regulation or procedural requirement prior to the discovery of the
\nbreach by the officer under this Act, the proper officer may consider this fact as a mitigating
\nfactor when quantifying a penalty for that person.
\n(6) The provisions of this section shall not apply in such cases where the penalty
\nspecified under this Act is either a fixed sum or expressed as a fixed percentage.<\/p>\n","protected":false},"excerpt":{"rendered":"
Section 126 – General disciplines related to penalty of CGST ACT, 2017 126. (1) No officer under this Act shall impose any penalty for minor breaches of tax regulations or procedural requirements and in particular, any omission or mistake in documentation which is easily rectifiable and made without fraudulent intent or gross negligence. Explanation.\u2013\u2013For the … Continue reading “Section 126 – General disciplines related to penalty of CGST ACT, 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/381"}],"collection":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=381"}],"version-history":[{"count":1,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/381\/revisions"}],"predecessor-version":[{"id":382,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/381\/revisions\/382"}],"wp:attachment":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}