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Raids uncover Rs 1.5 cr service tax evasion
May, 14th 2012

The Indore branch of central excise and customs department, which raided on the premises of four real estate developers in the city during past two days, is estimating to recover an alleged service tax evasion of about Rs 1.5 crore from them.

The raids were conducted on the premises of the city-based builders on Friday were Vastu Developers, Parswanath Real Estate, Karuna Sagar and Prashant Sagar Builders. The raids were conducted at 14 places of the realtors.

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