Question 17 – Draft-Bills-Reports – Offences and Penalties, Prosecution and Compounding – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 17 – 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
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