Question 17 - What is the punishment prescribed on conviction of any offence under the MGL - FAQ on GST dated 21.9.2016 based on Draft Model GST

Q 17. What is the punishment prescribed on conviction of any offence under the MGL? Ans. The scheme of punishment provided in section 73(1) is as follows: Offence involving-- Punishment (Imprisonment extending to--) Tax evaded exceeding ₹ 250 lakh 5 years and fine Tax evaded between ₹ 50 lakh and ₹ 250 lakh 3 years and fine Tax evaded between ₹ 25 lakh and ₹ 50 lakh 1 years and fine Section 73(2) provides that a second or any subsequent conviction for an offence in this section shall be punishable with imprisonment for a term that may extend to 5 years and a fine. However, no imprisonment for any of the offences shall be for a period less than six months.