Service tax evasion at 98 billion rupees in April-Dec: official
NEW DELHI (Reuters) - Tax evaders deprived India's coffers of about 98 billion rupees in service taxes during April to December 2012, a finance ministry official said on Friday.
"Of the 98 billion rupees, about 20 billion rupees have been recovered," Lipika Majumdar Roy Choudhury, member, service tax, said.
The department is making efforts to recover the remainder, she added.
Battling tax evasion has become one of the key agendas of Finance Minister P. Chidambaram as he looks to keep an already bloated fiscal deficit target to 5.3 percent for the full year. (Reporting by Manoj Kumar; editing by Malini Menon)
- Tweet this
- Share this
- Digg this
- UPDATE 1-China's Xiaomi announces latest flagship Mi 4 smartphone
- Bodies, black boxes handed over from Ukraine crash site
- India to probe corruption in healthcare after TV sting
- Italy gives Google 18 months to change data use practices
- China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan
Consumer Confidence Index
More than half of consumers globally expect job prospects to be good to excellent in the year ahead, a survey showed on Tuesday. India overtook Indonesia as the most optimistic consumer market, while Portugal and Slovenia were the most pessimistic. Full Article
India keeps world guessing in countdown to landmark trade pact deadline. Full Article
Yahoo to buy analytics startup Flurry to bolster mobile ad business. Full Article