India considering revoking arrests for evasions below ₹3 crore

India is contemplating a significant hike in the threshold for arrests and criminal prosecutions in cases of Goods and Services Tax (GST) evasion, as per a report by The Economic Times. The proposal aims to elevate the threshold to  ₹3 crore from the existing  ₹2 crore, as part of an initiative to decriminalise certain aspects of tax evasion, reducing undue pressure on businesses and fos…