Section 132 CGST Act: Penalties for Tax Evasion, Fraudulent Invoices, and Input Tax Credit Abuse Explained

Section 132 of the Central Goods and Services Tax Act, 2017, outlines penalties for various offences related to tax evasion and fraudulent activities. Offences include supplying goods or services without invoices, issuing invoices without actual supply, fraudulent availing of input tax credit, and failure to remit collected taxes. Penalties vary based on the amount involved, with imprisonment up to five years and fines. Repeat offenders face harsher penalties. Certain offences are cognizable and non-bailable, requiring prior sanction from the Commissioner for prosecution. The term "tax" encompasses evaded taxes, wrongly availed input tax credits, and refunds.

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