What is the punishment prescribed on conviction of any offence under the MGL
Question 17
Bill
Offences and Penalties, Prosecution and Compounding
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
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