Tax Evasion Penalties under CGST/SGST: Up to 5 Years Jail for Over 5 Crore Evasion, Fines Apply
Under the CGST/SGST Act, the punishment for offences is determined by the amount of tax evaded. If the tax evaded exceeds 5 crore or if the offender is a repeat offender, the punishment is imprisonment for up to 5 years and a fine. For tax evasion between 2 crore and 5 crore, the penalty is up to 3 years of imprisonment and a fine. If the evasion is between 1 crore and 2 crore, the punishment is up to 1 year of imprisonment and a fine. Offences such as falsifying records, obstructing an officer, or tampering with records can result in imprisonment for up to 6 months.
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