IMPORTANT PROPOSED CHANGES OF BUDGET 2013 -
Now Failure to pay excise duty and service tax could lead to arrest of defaulters.
Offences relating to excise and customs duty evasion of over Rs 50 lakh would be non‐bailable.
Similarly, failure to deposit service tax exceeding Rs 50 lakh would result in imprisonment up to seven years.
Now Failure to pay excise duty and service tax could lead to arrest of defaulters.
Offences relating to excise and customs duty evasion of over Rs 50 lakh would be non‐bailable.
Similarly, failure to deposit service tax exceeding Rs 50 lakh would result in imprisonment up to seven years.
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