Article
Partners Of A Company (Taxable Person) Can Be Imposed Penalty Under Section 122(1A) And For Periods Before The Said Provision
The Gauhati High Court has ruled on whether partners of a company can face penalties under Section 122(1A) of the CGST Act, 2017, examining the distinction between 'taxable person' and 'any person' in penalty provisions. The judgment addresses the retrospective applicability of Section 122(1A) and diverges from earlier Bombay High Court decisions while aligning with the Delhi High Court's interpretation. The Court analyzed whether natural persons who retained benefits from GST violations can be held liable
Lakshmikumaran & Sridharan