Companies caught with false entries in their account books will have to cough up a penalty as high as the total value of such an invoice — over and above the amount of tax it will have to pay. Earlier, a fake entry of Rs 10 crore would have led to a total outgo of Rs 6-8 crore (including tax and penalty); now, it will be Rs 14 crore (including penalty of Rs 10 crore).from Company-News-Economic Times
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