Q 434. Are there any monetary limits prescribed for compounding of offence?

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Ans.   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.   [ As per FAQ on GST published by NACEN ] 336…

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