Prosecution, Arrest & Recovery Proceedings under Income Tax, PMLA & GST - Course

Course Duration:
315 minutes comprising of 3 episodes

Episode Background:
As per the dictionary meaning, the term prosecution means “the institution and carrying on of legal proceedings against a person.” Secondly, the term arrest means “the action of taking a person into legal custody, as by officers of the law.” Thirdly, the term recovery means “the action or proceedings regaining possession or control of something lost or under custody of others.” Having quoted this, it is pertinent for all tax and law professionals to decipher and comprehend – What do these terms mean, signify and imply as per the Indian Income Tax Act, GST Law & Prevention of Money Laundering Act, 2002 [PMLA]?

What shall the episode cover?
Against this backdrop, Taxsutra is delighted to bring to you a 3-Part Master-Class Series on the apt subject of “Decoding Prosecution, Arrest & Recovery Proceedings under Income Tax Act, PMLA &  GST" which are delivered by Top Experts, viz. Mr. Ved Jain (Advocate & Former President of ICAI), Dr. Adv. Ravindran Pranatharthy & Advocate Karthik Sundaram. 

In this course, our experts has touched upon several practical aspects and provide their exhaustive guidance vis-à-vis each of the three laws, the highlights of which are as follows:

 
Topic 1 - Prosecution, Arrest & Recovery proceedings under Income Tax Act, 1961 by  Mr. Ved Jain (Advocate & Former President of ICAI)

Key Highlights:

1. Do Income Tax Authorities have Powers of Arrest for Income Tax Defaults? 
2. Presumption as to culpable mental state (Mens Rea) - How far is it valid in prosecution for Income Tax defaults ? 
3. Do taxpayers be prosecuted for technical/minor defaults? 
4. Compounding of offence - Is it serving the purpose ? 
5. Attachment of assets- Is it an effective mode of recovery? 

Topic 2 - Prosecution, Arrest & Recovery proceedings under PMLA by Dr. Adv. Ravindran Pranatharthy

Key Highlights:

1. Central concept behind the PMLA and the global push.
2. Offences targeted by PMLA-  The expansion and effect.
3. Snatching of gains of crime through attachment & confiscation.
4. Arrest & Prosecution in PMLA

Topic 3 - Prosecution, Arrest & Recovery proceedings under GST by Advocate Karthik Sundaram

Key Highlights:

1. Are we moving to a more stringent indirect tax regime - what every CFO/Tax head should know
2. Learnings from judicial decisions and the road ahead.