GSTplus
Updated :
The scheme of punishment provided in section 73(1) is as follows:
| Offence involving-- | Punishment (Imprisonment extending to--) |
| Tax evaded exceeding Rs.250 lakh | 5 years and fine |
| Tax evaded between Rs.50 lakh and Rs.250 lakh | 3 years and fine |
| Tax evaded between Rs.25 lakh and Rs.50 lakh | 1 years and fine |
Section 73(2) provides that a second or any subsequent conviction for an offence in this section shall be punishable with imprisonment for a term that may extend to 5 years and a fine. However, no imprisonment for any of the offences shall be for a period less than six months.
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