Section 111 of the VAT Act : Offences and Penalties Relating

1. If any person, with fraudulent intent—
(a) prepares or uses a forged or fake VAT registration certificate, turnover tax certificate, tax invoice, or tax deduction at source (TDS) certificate bearing a false Business Identification Number (BIN); or
(b) prepares or uses a forged or fake tax invoice, credit note, debit note, or TDS certificate; or
(c) manufactures, stores, transports, markets, or uses counterfeit, fake, or reused stamps or banderoles, or assists in such activities; or
(d) manufactures, warehouses, transports, markets, or sells any goods bearing counterfeit, fake, or reused stamps or banderoles, or assists in such activities; or
(e) manufactures, warehouses, transports, markets, or sells any goods requiring stamp or banderole usage without such stamp or banderole, or assists in such activities; or
(f) evades payable tax by any other means; or
(g) claims a tax refund to which he is not entitled—

then he shall be liable to imprisonment for a term not exceeding one (1) year, or a fine equivalent to the amount of tax evaded, or both.