Amendment of section 132.
125. In section 132 of the Central Goods and Services Tax Act, in sub-section (1),––
(i)for the words “Whoever commits any of the following offences”, the words “Whoever commits, or causes to commit and retain the benefits arising out of, any of the following offences’’ shall be substituted;
(ii) for clause (c), the following clause shall be substituted, namely:––
“(c) avails input tax credit using the invoice or bill referred to in clause (b) or fraudulently avails input tax credit without any invoice or bill;”;
(iii) in sub-clause (e), the words “, fraudulently avails input tax credit” shall be omitted.
Notes on Clauses:
Clause 125 of the Bill seeks to amend section 132 of the Central Goods and Services Tax Act so as to make the offence of fraudulent availment of input tax credit without invoice or bill cognizable and non-bailable under sub-section (1) of section 69 and to make any person who retains the benefit of certain transactions and at whose instance such transactions are conducted liable for punishment.
