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
- India starts biggest day of voting with BJP gaining strength
- UPDATE 3-Google misses revenue target, ad prices slide
- UPDATE 3-Hundreds still missing in deadly Korea ferry accident
- HCL Tech March-quarter net up 59 percent, beats f'casts
- UPDATE 2-Leash on expenses helps AmEx counter muted user spending
India kicked off the biggest day of its mammoth general election on Thursday, with a quarter of its 815 million voters set to head to the polls during a week of fresh blows for the Congress party and gains for the Hindu nationalist opposition. Full Article | Full Coverage