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India Plans To Increase Time Limit To Prosecute GST Evaders – BQ Exclusive
India plans to increase the time limit to prosecute evaders of goods and service tax.
29 Oct 2020, 02:21 PM IST
India plans to increase the time limit to prosecute evaders of goods and service tax, according to a senior official, at a time Prime Minister Narendra Modi’s government is looking to ease taxation rules to prevent harassment and improve business sentiment.Under the Central Goods and Services Tax Act, if there’s a loss to the exchequer of over Rs 5 crore under Section 132, then the tax authorities have powers to arrest company offici...
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