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: ACCOUNTING STANDARD :: TDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: cpt :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: list of goods taxed at 4% :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
News Headlines »
 How will goods and service tax impact state revenues?
 Tax officers can issue certificates to avoid taking TDS from NRIs
 India is second most complex tax jurisdiction
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017

Kerala launches drive to curb tax evasion thru Rlys
June, 19th 2007
Surprise checks at all Rly stations across the State


`It is estimated that goods worth between Rs 1,500 crore and Rs 3,000 crore are being ferried through the railway annually without paying tax.'

The Commercial Taxes Department of the Kerala Government has launched a drive to check sales tax evasion through railway parcel service.

The department officials conducted surprise inspections at all the railway stations in the State from 3 a.m. on Monday and till 1 p.m., 3,784 packets worth Rs 3.32 crore were seized.

The Finance Minister, Dr Thomas Isaac, said in the light of the seizures, it was estimated that goods worth between Rs 1,500 crore and Rs 3,000 crore were being ferried through the railway annually without paying tax. And at a tax rate of 12.5 per cent, the Government was losing substantial revenue, he added.

`BIG RACKET'

The Minister said the Railways had recently started leasing out parcel wagons to private contractors. However, proper documentation relating to the goods had not been made mandatory for such wagons and this was leading to large-scale tax evasion.

As checking has been made stringent at the State's check-posts, goods movement through the railway increased considerably, he said.

COURT ORDER

The Minister pointed out that the Kerala High Court had, on January 20, 2006, given instructions on the procedures to be observed for goods movement through the railway. Accordingly, the Commercial Taxes Department officials were entitled to collect complete details about the sender and receiver consignments.

Besides, the department should be allowed to set up check-posts in the railway station premises to inspect the goods for taxation purpose. More importantly, the court had said the Ministry of Railways should implement, within six months, a uniform code for the entire country on the procedures to be followed for goods movement.

Dr Isaac said the recommendations had not been implemented and it was in this context that the State Government decided to conduct checks in the railway stations.

He said the checks would continue in the coming days though there had been opposition from some railway officials. In between, talks would be held with the Railways authorities and if they proved futile, the Government would consider resorting to legal measures.

The issue would be raised in the ensuing meeting of the Empowered Committee of the State Finance Ministers, the Minister said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

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