Showing posts with label Voluntary Compliance EncouragementScheme. Show all posts
Showing posts with label Voluntary Compliance EncouragementScheme. Show all posts

Monday, January 13, 2014

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 .