Tax evasion offences under GST attract imprisonment and fines, with specified serious offences being cognizable and non bailable. The Act criminalises specified conduct-including supplying without invoices, issuing invoices without supply, wrongful availment or utilisation of input ... Summary
Tax evasion offences under GST attract imprisonment and fines, with specified serious offences being cognizable and non bailable.
The Act criminalises specified conduct-including supplying without invoices, issuing invoices without supply, wrongful availment or utilisation of input tax credit or refund, falsifying records, obstructing officers, dealing in confiscable goods or illicit supplies, destroying evidence, and supplying false information-and prescribes a graded regime of imprisonment and fines tied to the amount of tax evaded or credit/refund wrongfully taken; certain high magnitude offences are cognizable and non bailable, repeat offences attract enhanced punishment, and prior sanction of the Commissioner is required for prosecution.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.