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 :: VAT RATES :: empanelment :: VAT Audit :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: list of goods taxed at 4% :: cpt
 
 
« Service Tax »
 GST on a knife-edge as states act tough
 Parliament Winter Session: Govt keen on proper discussion on GST Bills
 Service Tax revision to make digital content expensive: Here’s how it will impact you
 GST Council may reduce tax slabs in future: CBEC chief
 Govt to waive service tax on card transactions up to Rs 2,000
 Recovery Of Tax Under Model Gst Law
 Income Tax officials hunt for Mumbai’s ‘ghost’ assessee
 GST delay to impact Budget
 If GST not rolled out by Sept, there won't be taxation in country, warns Jaitley
 India’s E-Service Tax Will Add To Foreign Content Providers’ Woes
 GST Council to discuss model laws, tax jurisdiction today

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 2016 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