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    HomeNewsBusinessEconomyCBEC issues prosecution warning to tax evaders

    CBEC issues prosecution warning to tax evaders

    In a bid to shore up indirect tax revenues that are falling below target, the CBEC has issued a warning to those evading service tax.

    February 01, 2013 / 22:41 IST

    In a bid to shore up indirect tax revenues that are falling below target, the CBEC has issued a warning to those evading service tax.


    The department has found evasion to the tune of Rs 9800 crore where tax has been collected from consumers but not deposited to retailers. Companies in the oil and gas sector, pharma and construction amongst others have been found to evade tax.


    However, even as it warned of prosecution, CBEC refused to comment on the action being taken against KFA for tax evasion.


     


     

    first published: Feb 1, 2013 09:43 pm

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