Are there any monetary limits prescribed for compounding of offence?

Question 22 – Draft-Bills-Reports – Offences, Penalties, Prosecution and Compounding – FAQ on GST (2nd Edition) dated 31.3.2017 – Question 22 – 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 following amounts: – • 150% of tax involved or • &#8377

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