Rs. 47 crore of tax evasion unearthed

Rs. 47 crore of tax evasion unearthed

Mangalore Today News Network

Mangalore, Feb 27, 2013: Mangalore Central Excise Commissionerate has unearthed central excise duty and service tax evasion of Rs. 46.84 crore in 56 cases in the first 10 months of the financial year, said M.V.S. Choudary, Commissioner, Mangalore Central Excise Commissionerate.

The officers of the Preventive and Special Intelligence and Investigation Team conducted a survey and an intelligence-gathering to unearth the tax evasion. Of the said detection, Rs.9.69 crore had been recovered, he said in a release on Sunday.

The modus operandi of tax evaders was collecting service tax from their clients but not declaring and paying the collected amount to the department and rendering taxable services without obtaining registration and payment of service tax. The audit team also detected short levy of central excise duty and service tax amounting to Rs. 11.91 crore during 2012-13 (up to January 2013), of which an amount of Rs.2.81 crore has been recovered. By March 31 this year, the Commissionerate is targeting collecting Rs.3,200 crore as central excise duty and Rs.450 crore as service tax.