{"id":3082,"date":"2017-04-03T16:35:08","date_gmt":"2017-04-03T11:05:08","guid":{"rendered":""},"modified":"2017-04-03T16:35:08","modified_gmt":"2017-04-03T11:05:08","slug":"what-is-meant-by-the-term-penalty","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=3082","title":{"rendered":"What is meant by the term penalty?"},"content":{"rendered":"<p>What is meant by the term penalty?<br \/>Question 2<br \/>Bill  <br \/>Offences, Penalties, Prosecution and Compounding  <br \/>Faq On GST (2nd Edition) Dated 31.3.2017<br \/>Q 2. What is meant by the term penalty?<br \/>\nAns. The word &#8220;penalty&#8221; 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:<br \/>\n&bull; a temporary punishment or a sum of money imposed by statute, to be paid as punishment for the commission of a certain off<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/acts?id=24686\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is meant by the term penalty?Question 2Bill Offences, Penalties, Prosecution and Compounding Faq On GST (2nd Edition) Dated 31.3.2017Q 2. What is meant by the term penalty? Ans. The word &#8220;penalty&#8221; has not been defined in the CGST\/SGST Act but judicial pronouncements and principles of jurisprudence have laid down the nature of a penalty &hellip; <a href=\"https:\/\/goodsandservicetax.in\/GST\/?p=3082\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;What is meant by the term penalty?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-3082","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/3082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3082"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/3082\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}