shall be punishable-
(i) in cases where the amount of tax evaded or the amount
of input tax credit wrongly availed or utilised or the
amount of refund wrongly taken exceeds five hundred
lakh rupees, with imprisonment for a term which may
extend to five years and with fine:
36
….”
16.2 Further super Section 132(5) of the CGST Act, 2017, the
offences specified in clause (a) or clause (b) or clause (c) or
clause (d) of sub-section (1) and punishable under clause(i) of
that sub-section shall be cognizable and non-bailable.
16.3 Further as per Section 69(1) of the CGST Act, 2017,
“Where the Commissioner has reasons to believe that a person
has committed any offence specified in 132(1)(a, b, c &d) of the
CGST Act, 2017 which is punishable under clause (i) or (ii) of
sub-section (1), or sub-section (2) of the said section, he may,
by order, authorize any officer of central tax to arrest such
person”.
