Service Tax - First Arrest in North-East
LITTLE Shillong is also now under the ‘arrest' map of Service Tax in India. The Managing Director of a mining company in Shillong was arrested on charges of evading Service Tax to the tune of Rs. 4.7 Crores. The Company has been collecting Service Tax from its clients but not depositing it with the Government. The Service Tax department is targeting such assessees who have collected more than Rs. 50 lakhs and not deposited with the Government, for arrest.
Arrest is a recent phenomenon in Service Tax - to be exact - from 10.05.2013. Now this raises a question - Can somebody be arrested now for an offence committed prior to 10.05.2013, when there was no provision for arrest? Please see the article in today's ST se GST Tak.