Penalty and imprisonment for non maintenance of accounts and records under

A penalty of higher of

  • the tax evaded or
  • 20000/- (ten thousand rupees each under CGST Act and respective SGST Act) can be levied by the tax authorities for the following offences as per the various provisions of the CGST Act, 2017:
  • Falsification of records or returns intending to evade tax. [section 122(1)(x)]
  • Failure to maintain or retain records. [section 122(1)(xvi)]
  • non-submission or false submission of information or records called for or under any proceedings. [section 122(1)(xvii)]
  • Tampering or destroying any material evidence. [section 122(1)(xx)]

Further, any person abetting the above said offences shall be liable to a penalty of up to 50000/- (twenty-five thousand rupees each under CGST Act and respective SGST Act).

Punitive action i.e., imprisonment ranging from six months to five years and a fine can also be taken by the tax authorities for the following offences under the CGST Act, 2017, in the case where the amount involved exceeds one crore rupees:

  • Falsification of records intending to evade tax. [section 132(1)(f)]
  • Tampering or destroying any material evidence. [section 132(1)(j)]
  • Non-submission or false submission of information [section 132(1)(k)]

Further, any person abetting the above-said offences shall also be liable for similar punishment.

You can contact our executive for any advice (each advice fee is Rs. 1000 to Rs. 5000 for each matter and increase with crucial matters) at +91 9306203726 or +91 1662353744 or at contact@casolutionsglobal.com,casolutions96@gmail.com,priyanshminocha@amonest.com, priyanshminocha@casolutionsglobal

Priyansh Minocha

Priyansh Minocha is C.E.O and Director at Amonest India Private Limited and Founder at Casolutionsglobal

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