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      Question

      What is the amount above which tax evasion will be a

      non-bailable offense under GST?
      A Rs.10 Lakh Correct Answer Incorrect Answer
      B Rs.50 Lakh Correct Answer Incorrect Answer
      C Rs. 1 Cr Correct Answer Incorrect Answer
      D Rs. 5 Cr Correct Answer Incorrect Answer
      E Rs. 10 Cr Correct Answer Incorrect Answer

      Solution

      Tax evasion of over Rs 5 crore under the Goods and Services Tax (GST) regime would be non-bailable offence with the police having 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.

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