Taxman
GST officers can launch prosecution in cases of over Rs 5 cr tax evasion
GST officers can now launch prosecution against offenders in cases where the amount of evasion or misuse of input tax credit is more than Rs 5 crore, the Finance Ministry has said. However, this monetary threshold will not be applicable in the case of habitual evaders or in cases where arrests have been made at the time of investigation. "One of the important considerations for deciding whether prosecution should be launched is the availability of adequate evidence, the GST investigation wing under the Finance Ministry said, while issuing instructions for launching prosecution. Prosecution should normally be launched where the amount of tax evasion, or misuse of ITC, or fraudulently obtained refund is more than Rs 5 crore, it said. Launching of prosecution by taxmen means commencement of legal proceedings against the offender. This limit will not apply and prosecution can be launched in the case of a company/taxpayer habitually involved in tax evasion or misusing Input Tax Credit
 "GST officers can launch prosecution in cases of over Rs 5 cr tax evasion")
'Vivad se Vishwas': Cases in arbitration abroad eligible, says I-T dept
The income tax department said appeals and writs filed on or before January 31 this year will be allowed to be taken up under the scheme
 "'Vivad se Vishwas': Cases in arbitration abroad eligible, says I-T dept")
Back up claims with documents: How to respond to I-T notice post note ban
Be careful in your replies and keep documents to establish trail of banned notes you deposited
 "Back up claims with documents: How to respond to I-T notice post note ban")
