GST officer will have power to award jail term up to 5 years

In the new indirect tax regime, GST officers will have special powers to punish businessmen. On conviction of tax evasion, an officer can award five year jail term to the convicted trader/manufacturer and impose fine as well. While drafting the GST Law, transparency and accountability were given utmost importance. This was said by senior tax consultant RS Goyal here on Tuesday while addressing a s…