Under GST what you should do to avoid arrest or punishment

Evading tax of over Rs 5 crore would be a non-bailable offence and that the police would have the authority to make an arrest without a warrant.

The Good and Services Tax has been rolled out. GST, India's biggest tax reform kicks in from July 1. While there are many changes in the offing, GST also has a tough clause for those who are involved in tax evasion or fraud under GST.

Here is what you should not do under GST to avoid punishment:

• You can be punished under the GST law if you are found evading tax or being involved in any other fraud related to tax.
• If someone is involved in tampering of invoices or giving false information to the authorities or tax officials, or provide false information then they can be jailed.
• If a person doesn't pay the taxes properly or if he/she adopts illegal methods during the supply or transport of goods, then they can be sent behind the bars after a proper trial.
• According to GST, people who are caught 'violating' any other tax rules, they will be liable to pay a penalty that starts from Rs 10,000 and this can even stretch to imprisonment of 5 years.
• Evading tax of over Rs 5 crore would be a non-bailable offence and that the police would have the authority to make an arrest without a warrant.
• The Central GST (CGST) Act provides that if the offences relating to taxable goods and/or services where the amount of tax evaded or the amount of input tax credit wrongly availed or the amount of refund wrongly taken exceeds Rs 5 crore, shall be cognizable and non-bailable.
• If someone takes and/or utilises input tax credit without actual receipt of goods and/or services, or deliberately suppresses the sales to evade tax, then it will be counted under Tax evasion.
• If someone collects any GST (even if he collects any GST in contravention of provisions), he/she has to deposit it to the government within 3 months. Failure to do so will be an offence under GST.
• Obtaining refund of any CGST/SGST by fraud is also illegal.
• If you submit fake financial records/documents or files fake returns to evade tax, then he/she shall be termed as an offender under GST.

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