Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft
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: form 3cd :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT Audit :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: articles on VAT and GST in India :: empanelment
Service Tax »
  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
 Consumers hailed GST, but there's need for awareness'
 Tax departments keep a close watch on prices post GST rollout
 GST effect: 5 things that changed after the new tax regime
 GST is no game changer for farmers, yet
 GST: Government bets big on tech to ensure e-way bill does not bring back inspector raj
 Government to keep an eye on price rise & GST glitches

Press note regarding arrest of a service provider for failing to remit Service Tax - Comm'te of Central Excise, Mangalore-III
August, 13th 2014

C.No. IV/06/90/2013-14 SIV Cell                                        Dated: 11.08.2014

                                    PRESS NOTE


      Officers of the Commissionerate of Central Excise and Service Tax, Mangalore
arrested the Managing Director of a private limited company providing storage and
warehousing services at Karwar, for collecting the Service Tax of over Rs.60 lakhs from
August 2011 to March 2014 and not remitting the same to the Government account.
As on date, over Rs.51 Lakhs Service Tax collected is retained by them for more than
six months without remitting to the Exchequer.         The service provider based in
another state having business at Karwar has been evading appearance before the
investigating officers for several months. He appeared for the    investigation only after
a petition was filed before the Hon'ble Court for issuance of a non-bailable warrant to
secure his presence.

2.    During the verification of the documents of the     service provider, the officers
found that the service provider has failed to remit the Service Tax collected to the
Government account. The detailed investigation initiated in the matter prima facie
revealed that the service provider has been evading payment of appropriate Service
Tax for over three years. The investigation has unearthed         that despite providing
taxable services since August, 2011, the service provider        has failed to obtain the
Registration Certificate till February, 2013 i.e., the delay of about 16 months. It has
also been revealed that the service provider was not even complying with the basic
statutory requirements like filing of returns intimating the taxable services provided,
discharging appropriate Service Tax liability, remitting the Service Tax collected to the
Government account etc. thereby contravening the provisions of the Finance Act, 1994
and the Rules framed thereunder.

3.    As per Section 89(1)(d) read with Section 89(1)(ii) of the Finance Act, 1994
whoever collects Service Tax in excess of Rs.50 lakhs but fails to credit the same to
the Government account within a period of 6 months from the day on which such
payment becomes due, is liable for imprisonment for a term which may extend to 7
years. Such offences shall be cognizable as per Section 90 of the Act.

4.    The service provider was therefore, arrested today i.e. on August 11, 2014
under Section 91 of the Finance Act, 1994 and produced before the Hon'ble Principal
Civil Judge Senior Division and Chief Judicial Magistrate, Mangalore who remanded
him to judicial custody. Further investigation is under progress.

5.    The Commissionerate has initiated several measures to facilitate genuine trade
to improve service tax compliance in the jurisdiction. Simultaneously, concerted
efforts are being taken to create a data base of     habitually non-compliant trade on
the basis of inputs generated and received from other Departments so as to take
appropriate action as per the legal provisions.

                                                        (Dr. M. SUBRAMANYAM)
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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