TaxTMI 
TaxTMI 
Director of a company arrested for evasion of Service Tax
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....irector of a company arrested for evasion of Service Tax <br>News and Press Release<br>Dated:- 12-7-2018<br><BR>Officers of CGST Delhi North Commissionerate have arrested one Director of a Company for....
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.... evasion of Service Tax. The Company had collected more than ₹ 3 Crores as Service Tax from its clients but had not deposited the same with the Government Exchequer. The power to arrest is prov....
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....ided under Section 91 of the Finance Act 1994 for violating the provisions of Section 89 of the Finance Act 1994 read with Section 174 of CGST Act, 2017. He was produced in the Court of Hon'ble CMM, P....
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....atiala House Court and has been sent to Judicial Custody for 15 days. Further investigations are being conducted and the amount of Service Tax evaded is bound to increase. Government wants to assure ....
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....taxpayers that compliant taxpayers donot run the risk of facing such punitive action in carrying out their day to day operations. The power to arrest is to be exercised where there is deliberate fraud....
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.... of sizeable magnitude with intent to evade tax. It is meant to serve as a deterrent to unscrupulous elements in trade who may try to defraud the system. There are sufficient checks built into the law....
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.... to ensure that inadvertent or procedural lapses do not attract severe punitive measures.<BR> News - Press release - PIB....