In the principal Act, in section 122, after sub-section (1), the following new sub-section shall be inserted, namely: -
"(1A) Any person who retains the benefit of a transaction covered under clauses (i), (ii), (vii) or clause (ix) of sub-section (1) and at whose instance such transaction is conducted, shall be liable to a penalty of an amount equivalent to the tax evaded or input tax credit availed of or passed on.".
Section 9 • THE ARUANCHAL PRADESH GOODS AND SERVICES TAX (AMENDMENT) ACT, 2021
Section 9. Amendment of section 122.
the-aruanchal-pradesh-goods-and-services-tax-amendment-act-2021-sec-9.json
•
Section 9
{
"act_title": "THE ARUANCHAL PRADESH GOODS AND SERVICES TAX (AMENDMENT) ACT, 2021",
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"section_label": "Section",
"section": {
"number": "9",
"title": "Section 9. Amendment of section 122.",
"chapter": null,
"content": "In the principal Act, in section 122, after sub-section (1), the following new sub-section shall be inserted, namely: -\n\"(1A) Any person who retains the benefit of a transaction covered under clauses (i), (ii), (vii) or clause (ix) of sub-section (1) and at whose instance such transaction is conducted, shall be liable to a penalty of an amount equivalent to the tax evaded or input tax credit availed of or passed on.\".",
"footnote": "",
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}