When a person evades GST or avails input tax credit exceeding ₹ 500 lakhs he is liable for the following punishment :

CS Executive · Tax Laws and Practice · PYQS · December 2017
When a person evades GST or avails input tax credit exceeding ₹ 500 lakhs he is liable for the following punishment :
(A) Imprisonment for 5 years and with fine
(B) Imprisonment for 3 years and with fine
(C) Imprisonment for 3 years
(D) Imprisonment for 5 years

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: GST

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