What is meant by the term penalty?
Question 2
Bill
Offences, Penalties, Prosecution and Compounding
Faq On GST (2nd Edition) Dated 31.3.2017
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 off
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