Question 2 – Draft-Bills-Reports – Offences, Penalties, Prosecution and Compounding – FAQ on GST (2nd Edition) dated 31.3.2017 – Question 2 – Q 2. What is meant by the term penalty? Ans. The word penalty has not been defined in the CGST/SGST Act but judicial pronouncements and principles of jurisprudence have laid down the nature of a penalty as: • a temporary punishment or a sum of money imposed by statute, to be paid as punishment for the commission of a certain offence; • a punishm
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