Are there any monetary limits prescribed for compounding of offence?
Question 22
Bill
Offences, Penalties, Prosecution and Compounding
Faq On GST (2nd Edition) Dated 31.3.2017
Q 22. Are there any monetary limits prescribed for compounding of offence?
Ans. Yes. The lower limit for compounding amount is to be the greater of the following amounts: –
• 50% of tax involved, or
• ₹ 10,000.
The upper limit for compounding amount is to be greater of the followin
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