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Service tax evasion at 98 billion rupees in April-Dec: official
February 1, 2013 / 12:21 PM / 5 years ago

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.

A cashier counts currency notes inside a bank in Lucknow July 16, 2009. REUTERS/Pawan Kumar/Files

“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)

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