New Delhi, March 1, 2018
Cracking the whip on tax evaders under the Goods and Services Tax, officers of CGST Mumbai have arrested two businessmen for creating fictitious invoices and availing ineligible credit.
“The power to arrest is provided under section 69 of the CGST Act, 2017 and is to be exercised by the Commissioner in cases of outright fraud where the amount of tax evaded or the amount of input tax credit wrongly availed exceeds Rs. 2 crore,” said the Finance Ministry on Thursday, adding that punitive action will not be taken against complaint taxpayers.
[The Hindu Business Line]