Latest Expert Exchange Queries

Make 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) | 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 :: ACCOUNTING STANDARDS :: empanelment :: form 3cd :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: due date for vat payment :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT RATES :: VAT Audit :: list of goods taxed at 4%
 
 
Service Tax »
  GST not to be added for TDS computation
 Getting it wrong on GST
 GST: When does a service provider need to register across multiple states?
 GST Council to examine sectoral issues in August 5 meet
 Number of taxpayers under GST set to eclipse that of previous tax regime
 Goods and Services Tax will accelerate growth,
  Central Goods and Services Tax (CGST) Rules, 2017
 Goods bought with loyalty points will face tax under GST
 substitution of Service Tax by Goods and Services Tax (GST)
 Income Tax: TDS deducted but ITR not filed? Here's what professionals need to do
 9 ways GST could impact home buyers

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