Service tax offenders to face stern action: PC
10 Nov 2013 10:00 PM GMT
‘The Government has to send a message, a stern message, that such violations cannot go unpunished. Therefore, we have arrested them,’ he said adding that 10 persons were arrested recently for alleged service tax default across the country. The government would ‘very closely’ focus on sectors prone to chronic service tax evasion like consultancy, IT and real estate, he said.
Speaking at an interactive meet on Trade and Industry, Service Associations and Chambers of Commerce and Industry on Voluntary Compliance Encouragement Scheme (VCES), he said that the power of ‘arrest’ was used only in cases where an individual had collected Rs 50 lakh and above and does not deposit it in government account.
‘Tell me should such a person be shown any sympathy?.. The money is not a small amount. He is keeping the money and using it. It is an interest free loan from the government,’ he said. A great deal of information was being shared among government departments with the use of PAN number and other unique numbers.
Speaking at an interactive meet on Trade and Industry, Service Associations and Chambers of Commerce and Industry on Voluntary Compliance Encouragement Scheme (VCES), he said that the power of ‘arrest’ was used only in cases where an individual had collected Rs 50 lakh and above and does not deposit it in government account.
‘Tell me should such a person be shown any sympathy?.. The money is not a small amount. He is keeping the money and using it. It is an interest free loan from the government,’ he said. A great deal of information was being shared among government departments with the use of PAN number and other unique numbers.
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