Menu
Section 132 under CGST
If any offence conducted by a dealer under this,No penalty settlement ,but Punishment with fine for,from three months to may extend 5Years on the basic quality of offence conducted by a person or dealer.
Replies (1)
Section 132 of the CGST Act prescribes punishments—including imprisonment and fines—for serious tax-related offences like tax evasion, fake invoicing, and fraudulent ITC claims. Prosecution is subject to monetary thresholds and requires the Commissioner's approval, with provisions for compounding to settle cases.
Recent Topics :
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
Related Topics :
CAclubindia
