Central excise department to tighten noose against service tax evaders
November, 13th 2013
Central excise department would tighten noose against the service tax evaders in sectors like builders, property brokers, hostels and coaching institutes. It has already conducted raids on the premises of confectioner, labour supply agent and car sale agent.
Central excise commissioner Jai Prakash, said, "We urge all those who have not paid the due service tax as yet to pay duty under the voluntary disclosure scheme (VDS) to avoid any kind of problem." "The last date for making declaration under VDS is December 31. We have accepted all the VDS declarations that have come to us so far," he said.
There are 12,000 assessees of the department in the region. However, merely 4,000 of them have filed returns before the department so far. While 300 registrations have been declared, names of 1,700 have been deleted from the list of assesses. The department will soon initiate action against the remaining 4,000 asssessees.
The department has already recovered a sum of Rs 12 crore from 54 assessees. They expect to earn revenue to the tune of Rs 100 crore by the end of the current fiscal.