fbpx

Are there any monetary limits prescribed for compounding of offence under GST Law?

Yes.

The lower limit for compounding amount is to be the greater of the following amounts:

• 50% of tax involved, or

• Rs. 10,000.

The upper limit for compounding amount is to be greater of the following amounts:

• 150% of tax involved or

• Rs. 30,000

404 total views, 2 views today

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!