179.
Determine penalty:
(i)
A supplies goods worth Rs. 2 lakh to B taxable at 5% but issued
invoice showing supply Rs. 20,000 only.
(ii)
B, a coaching tutor supplies teaching services to his students on
cash basis and does not issue any invoice to them.
(iii)
C, supplier of plastic bangles collected tax from customer and did
not pay to government till December 2017 for the month of July.
(iv)
C pays the tax on 1st
November
(v)
D produced fake debit notes of Rs.1,50,000 to decrease their
actual sales Rs.2 lakh taxable at rate 28%.
(i)
Penalty = Rs.10,000 or tax evaded whichever is higher.
=Rs.10,000 or 5% of 1,80,000(whichever is higher)
=Rs.10,000
(ii)
Penalty = Rs. 10,000 or tax evaded whichever is higher
(iii)
Penalty = Rs.10,000 or 10% of tax evaded whichever is higher.
(iv) Not liable to pay any penalty.
(v) Penalty = Rs.10,000 or tax evaded whichever is higher. Section 122(2)(b)