Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: articles on VAT and GST in India :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: list of goods taxed at 4% :: TDS :: cpt :: VAT RATES :: ACCOUNTING STANDARDS :: form 3cd :: ACCOUNTING STANDARD :: VAT Audit
 
 
Service Tax »
 The way ahead for goods and services tax
 Goods & Service Tax (GST): Recent Clarifications
 Tax payers can see status of returns filed on GSTN portal
 Export And Import Of Goods Under GST
 The Finance Resolution And Deposit Insurance Bill, 2017
 Payment made in revenue sharing deal exempt from service tax
 India seen posting stronger growth as businesses adjust to new tax
 GST High Powered Committee On Return Filing - Representation by GST Research Foundation
  Changes In Central Goods And Services Tax Rules, 2017
 GST return filing to be a breeze for small businesses
 Changes In Central Goods And Services Tax Rules, 2017

Real estate firms under lens for alleged service tax evasion
January, 05th 2013

Suspecting large scale service tax evasion, financial intelligence agencies are carrying out massive searches against various real estate firms across the country.

The on-going search operation started a fortnight back in which the evasion by firms providing real estate services including renting and other collaborations was detected, official sources said.

The Central Economic Intelligence Bureau (CEIB), a nodal agency for collection and dissemination of intelligence related to financial sector, and Directorate General of Central Excise Intelligence found inputs on alleged service tax evasion, the sources said.

The sleuths have searched various real estate firms and builders offices in the national capital and in suburban areas including Noida, Ghaziabad, Bhiwadi, Mumbai, Hyderabad, Kolkata, Vishakhapatnam and Chennai among others, they said.

The real estate firms are required to pay 12.5 per cent service tax.

Many of the deals mainly related to renting of land, house or any other commercial properties evade tax net as the money transactions are not recorded in government documents and taken directly and illegally, they said.

A Finance Ministry report has said that land and real estate are possibly the most important class of assets used for investment of black money.

"As immovable properties are not usually comparable, valuations are different. This imparts flexibility to the valuation process, and makes it an ideal investment for black money.

"Both 'black' and 'white' savings are utilised for investment in land and real estate, which provides hedge against inflation apart from a profitable alternative for investment for black savings," it has said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

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