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: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: empanelment :: ACCOUNTING STANDARD :: TDS :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: form 3cd :: VAT RATES :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4%
 
 
Service Tax »
 GST loss to be reduced by slice of service tax
 Government encouraging self-registration for GST
 Spl assembly session on GST Bill on May 9
  Getting the trade to align with GST is a challenge
 Getting the trade to align with GST is a challenge
 With GST launch, race against time to avoid sales tax upheaval across India
 GST to rate taxpayers, businesses on payment record, make ratings public
 7 major benefits of Goods and Services Tax
 100 Opening GST Profiles- Indirect Taxation- ALL Industries
 New Opening Sr. Manager-Indirect Tax For A Leading Power Company
 Tax Collected At Source Under GST Regime

Builders under scanner for over Rs 20-crore service tax evasion
March, 03rd 2014

Two real estate firms in Noida have come under the scanner of central excise department officials for allegedly evading service tax of over Rs 20 crore.

Recent searches carried out by excise officials at the premises of some of these builders resulted in recovery of incriminating documents giving proof of 'black money' being collected and routed by them, official sources said.

A case has been booked against Shubhkamna Buildtech Pvt Ltd and Better Option Propmart (BOP) Pvt Ltd, Greater Noida, among others, for allegedly evading service tax, they said.

Denying any service tax evasion, both companies, however, admitted that investigations are being held against them by officials of the Directorate General of Central Excise Intelligence (DGCEI) in response to a query sent to them by PTI.

Shubhkamna Buildtech said that DGCEI officials had visited their offices and pointed out certain irregularities in respect of payment of service tax.

"We have fully cooperated with DGCEI officials... Our group companies are committed to strict ethical and compliance values and we have initiated steps to ensure that there is no future lapse on our part in fulfilling our service tax obligations," it said in the statement.

BOP said the matter is under investigation by DGCEI officials although nothing had been established yet.

"However, we are a tax compliant company and regularly file returns and pay taxes. In case any demand is raised by DGCEI during the course of the investigation, the same will be paid by us," the firm said.

The amount of evasion by these companies is above Rs 20 crore, sources said, adding that they were scrutinising documents recovered during the searches.

Excise department officials are going after all such evaders after a first-of-its-kind amnesty scheme for service tax defaulters ended in December last year.

The Voluntary Compliance Encouragement Scheme (VCES), which was implemented from May 10 last year, was announced by Finance Minister P Chidambaram to allow service tax defaulters to pay dues without any penalty or late payment charges.

Under the scheme, a person was to make a declaration to the designated authority on or before December 31, 2013.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

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