Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT RATES :: form 3cd :: list of goods taxed at 4% :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: empanelment :: VAT Audit :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: articles on VAT and GST in India
 
 
« Service Tax »
 Cabinet clears 4 Bills, GST likely to roll out by July 1
 GST may also impact income tax collections: Experts
 Companies, consultants grope in the dark to meet GST deadline
 Cabinet approves GST, e-commerce cos to pay up to 1% tax
 Cabinet approves supporting GST legislations ahead of 1 July roll-out
 GST: Centralized assessment for service-oriented industries likely
 Tax department to calculate GST’s impact on inflation
 Entrepreneurs are all set to give a red carpet welcome to GST
 GST success depends on preparedness of businesses
 GST few steps away from becoming reality, but what’s in it for Dalal Street?
 Input tax credit - Matching / Mismatching Concept in Present Tax Laws vis-à-vis GST Laws

Contractor held for evading service tax of over Rs one crore
December, 13th 2013

The central excise and service tax commissionerate on Wednesday arrested a construction contractor for evading service tax of Rs 1.22 crore.

The accused, Parshuram Chalwadi (28) of Tingrenagar, is the director of M/s Om Chalwadi Constructions Private Limited, located on Tadiwala Road. On December 3, a civil engineer in Nigdi was arrested for evading service tax of Rs 75 lakh.

B K Thapliyal, superintendent of central excise and service tax, arrested Chalwadi under section 91 (1) of the Finance Act. Chalwadi was produced at a magisterial court and sent in judicial custody for 14 days.

Chalwadi recorded his statement on December 9 and 10 admitting that he collected service tax worth Rs 1,22,44,469 from his customers, but he failed to credit the same in the account of the Union government. Chalwadi had used the money for business purpose. Chalwadi filed a bail plea through his lawyer.

Chief judicial magistrate N T Ghadge granted bail to the contractor on the condition that he will make himself available whenever he was called for questioning.

The court took an undertaking from Chalwadi that he will pay the service tax by March 31, 2014 or else his bail will be cancelled.

On December 3, Nitish Pandit, the proprietor of M/s Creative Construction in Nigdi, was arrested for allegedly evading service tax of Rs 75 lakh. Pandit had collected the tax amount from his customers five years ago, but did not deposit it with the service tax department. He is out on bail.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions