Can not Escape service tax Fraudder

Finance Minister P Chidambaram has said that service tax evaders will not get any escape route in case . Including arrest and prosecution if caught in tax evasion strict action will be taken against them . In the case of service tax evasion in the country so far 13 people have been arrested .
He said that the service of the nation's gross domestic product ( GDP) is 55 per cent . There is no reason why that should not tax services . Chidambaram here on Tuesday organized by the Department of Central Excise and Customs voluntary compliance incentives ( VCES ) were addressing the awareness camp . The Government has introduced a package of amnesty for defaulters .
He just seven million of those 17 million registered firms and are paid as service tax . The rest needs to reach 10 million . They may be far from our reach . But with the help of the technical resources, the revenue department's investigation and any tax thief through 360 degrees profiles can be easily caught .

No VCES Upto Next 20 Years

Finance Minister P Chidambaram said that the government is wary of tax evaders next 20 years, a new scheme of tax exemption , it can not present . Service tax exemption existing VCES last chance to win . Restrictions imposed by the Supreme Court for various reasons including such plans now will be offered . He warned that the tax thief escaping . They will have to face the consequences .
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According to the finance minister , serving voluntary compliance incentives ( VCES ) expires on December 31st . Taxpayers have the chance prized government . This event is not expected to get through the next few decades , so take advantage of this opportunity that is in everyone's interest . Service tax defaulters to pay a one-time waiver of penalty scheme was introduced on May 10 this year .
The October 2007 to December 31 by 2012, has been given the opportunity to pay the outstanding tax . Taxpayers to take advantage of this scheme is exempted from interest and penalties .
Chidambaram said during a debate in Bangalore in the year 1997 before the name of such a scheme was introduced VCES . The new scheme was introduced 16 years later . If you think someone would introduce a similar scheme again next year, then they are mistaken . Such a scheme can not be introduced each year . They are required to present proper reason .
To avoid violating the court 's orders, we have had to change plans .
He said that so far 15 people in cases involving service tax has been processed . About 17 million people in the country itself is registered as a tax payer but only seven million people are over the tax . Government to identify tax evaders have enough information and technology .