Provisions for Compounding of Offences under GST are Very Stringent

Sanjay Kumar Bhuwalka Vs Union of India (Calcutta High Court) Calcutta High Court modifies bail conditions for GST evasion accused. Analysis of court order on stringent provisions, tax determination, and compounding under GST Act Learned counsel appearing on behalf of UOI invites Courts attention to the provision of Section 49 of the Act which deals with payment of tax, interest, penalty and other amounts. My attention is also adverted to the provision as enshrined in Section 74 of the Act which provides for determination of tax not paid or short paid or erroneously refunded or input tax cred...