APPLICABILITY OF DEMAND AND PENALTY PROVISIONS UNDER CGST ACT

The CGST Act provides for demand and penalty provisions in case of non-compliance with GST regulations.

Demand provisions allow the tax authorities to demand payment of any tax, interest, or penalty due from the taxpayer.

Penalty provisions allow the tax authorities to impose penalties on the taxpayer for various offenses, such as late filing of GST returns or incorrect filing of returns.

The demand and penalty provisions are applicable to all taxpayers registered under the CGST Act.

Taxpayers should ensure timely and accurate filing of GST returns to avoid penalties and demands.

GST audits may be conducted by the tax authorities to verify compliance with GST regulations and identify any non-compliance issues.

Taxpayers should maintain proper records and documentation to support their GST compliance and avoid penalties and demands.