The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines for launching of the prosecution under the Central GST Act, 2017. Section 132 of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017) codifies the offences under the Act which warrant the institution of criminal proceedings and prosecution. Whoever commits any of the offenses specified under sub-section (1) and sub-section (2) of section 132 of the CGST Act, 2017, can be prosecuted.
Source Taxscan
Latest Posts in "India"
- Bombay HC Rules Freight Charges Reimbursed by Wholesalers Not Part of Sale Price
- GST Council announces major rate restructuring and exemptions
- Traders Face Penalties for Not Passing GST Reductions to Customers, Warns Government
- CBIC Clarifies GST Implications on Secondary or Post-Sale Discounts for Businesses
- India Slashes GST on Drones to 5%, Boosting Domestic Manufacturing and Sectoral Growth