Chart of Punishment Prescribed under Section 132(1) Under GST Law Clause Amount of Evasion (in Rupees.) Particular Term of Imprisonment (i) Above 5 Crore The amount of tax evasion/ Wrongly availment/utilization of Input tax credit/ Refund Imprisonment of a term which may extend to 5 Years and fine [minimum 6 months (Sec 132 (3)] […]
Monday, December 23, 2024