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Examine the implications as regards the bailability and quantum of punishment on prosecution, in respect of the following cases pertaining to the month of December under CGST Act, 2017-

(i) ‘X’ collects ₹245 lakh as tax from its clients and deposits ₹241 lakh with the Central Government It is found that he has falsified financial records and has not maintained proper records.

(ii)’Y’ collects ₹550 lakh as tax from its clients but deposits only ₹30 lakh with the Central Government.

What will be the implications with regard to punishment on prosecution of ‘X’ and ‘Y’ for the offences? What would be the position, if ‘X’ and ‘Y’ repeat the offences?

It may be assumed that offences are proved in the Court.

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