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TMI BlogPUNISHMENT UNDER SECTION 132X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear all Under Section 132 of the GST Act, whoever commits or causes to commit and retain the benefits arising out of any of the offences mentioned therein, they can be punished with imprisonment for up to five years and a fine. So the query is, to determine the quantum of actual evasion of tax to co-relate the quantum of punishment of imprisonment under Section 132 , whether p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rior adjudication under Section 74 is mandatory for d etermination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilfull-misstatement or suppression of facts. ? If yes, The supplementary questions are like this: From the date of arrest of the accused under Section 69[1] for the offence/s under Secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 132, the charge-sheet shall be filed within sixty [60] days in the designated judicial Court for trail. Whereas in terms of Section 74[2] , the proper officer shall issue the notice under sub-section (1) at least six months prior t o the time limit specified in sub-section (10) for issuance of order which reads asunder: Section 74[10]. The proper officer shall issue the order under s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ub-section (9) within a period of five years from the due date for furnishing of annual return for the financial year to which the tax not paid or short paid or input tax credit wrongly availed or utilised relates to or within five years from the date of erroneous refund. Experts to pour their thoughts as regards to how these requirements sound well? - Reply By Sadanand Bulbule - The Reply = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear all Here I wish to add that, charge sheet has to be filed within sixty days from the date of arrest of the accused under Section 69[1] of the GST Act . Otherwise the accused has a right to default bail under Section 167 of the Criminal Procedure Code[Cr PC]. - Reply By KASTURI SETHI - The Reply = Sh.Sadanand Bulbule Ji, Sir, In this context, Board's. Instruction No. 04/2022 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -23 [GST-Investigation], dated 1-9-2022 and Instruction No. 2/2022-23 (GST-Investigation), dated 17-8-2022 are worth reading. Both are based on Supreme Court Judgements. - Reply By KASTURI SETHI - The Reply = Launching of Prosecution under Section 132 of CGST Act, 2017 Guidelines C.B.I. C. Instruction No. 04/2022-23 [GST-Investigation], dated 1-9-2022 Arrest and Bail ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Offences punishable under CGST Act, 2017 Guidelines C.B.I. C. Instruction No. 2/2022-23 (GST-Investigation), dated 17-8-2022 - Reply By KASTURI SETHI - The Reply = 2011 (2) TMI 154 - SUPREME COURT - RADHESHYAM KEJRIWAL Versus STATE OF WEST BENGAL 2021 (8) TMI 977 - SUPREME COURT - SIDDHARTH Versus STATE OF UTTAR PRADESH - Reply By Sadanand Bulbule - The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply = Dear Sirji Thank you so much for sharing the relevant CBIC GUIDELINES on the subject under discussion. Hope the field functionalities would follow them with proper application of mind. 🙏🙏 Warm regards. - Reply By KASTURI SETHI - The Reply = Sh.Sadanand Bulbule Ji, Sir, It gives me immense pleasure, if my efforts yield results. Actually, the feelin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g of ecstasy comes into play, if my contribution is recognized by you. Thanks regards. K.L.SETHI - Reply By Sadanand Bulbule - The Reply = Dear Sirji This discussion forum reflects the genuine problems being faced by the honest taxpayers. The simple reason is, many authorities don t know what actually is djudication meant for. But ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... they know the concept of adjudication with self image carrying non-sensical ideas. Real adjudication begins with self knowledge, self discipline and self accountability as constant as breathing, the breathing of facts with application of pure mind. Once it is achieved , the hallucination of so called revenue evaporates There are no right reasons to do deliberately wrong things. In this regard, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... your pouring of sensible thoughts on any issues has dispelled the darkness in the heart paving the bright path towards destination of pro-law adjudication. Rather like me, many more would be eager to see your opinion as benchmark to follow. This is possible only by you and few like other panel of experts on TMI as well. I remain grateful to all the expert contributors. - Reply By KASTURI SETHI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - The Reply = Right, Sir. My scope of horizon is always enlarged by you whenever we interact on any issue either on TMI form or WhatsApp forum. This is a fact. - PUNISHMENT UNDER SECTION 132 - Query Started By: - Sadanand Bulbule Dated:- 16-2-2024 Last Replied Date:- 22-2-2024 Goods and Services Tax - GST - Got 8 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an exper ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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