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Tax Evasion Up To INR 2 Crores A Bailable offence

Tax Evasion Up To INR 2 Crores A Bailable offence

Friday, January 20, 2017, 1:11 PM

To make GST regime less burdensome, the Centre and States have decided to reduce the penal provisions to ensure a trader gets immediate bail, if the alleged tax evasion is up to INR 2 crores. The GST Council has decided that the provision of arrest will be restricted to forgery and non- deposit of collected taxes with the exchequer, within the stipulated time frame.
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