E Invoice Regarding.
Gopala Krishna (289 Points)
24 October 2024E Invoice is Mandatory Along With Vehicle. If Not Raised E Invoice what Actions will take The GST Authorities
Gopala Krishna (289 Points)
24 October 2024
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5128 Points)
Replied 24 October 2024
1. Penalty: Imposition of a penalty of ₹25,000 under Section 125 of the CGST Act.
2. Interest: Interest on the tax liability, if not paid or short paid.
3. Cancellation of GST Registration: In case of repeated non-compliance.
If you have already failed to raise an e-invoice, it is recommended to:
1. Consult a tax expert or chartered accountant
. 2. Rectify the non-compliance at the earliest.
3. File the e-invoice and pay any applicable tax and interest.