gfiles magazine

January 20, 2014

GOVERNANCE | Soft on tax evaders!

taxation tn pandey
Soft on tax evaders!
The `3,000-crore service tax collection through amnesty at the cost of the government’s credibility is not a good bargain
AN amnesty for service tax evaders was announced by the Finance Minister while presenting the Union Budget for the year 2012-13, saying:

“While there are nearly 17,00,000 registered assessees under service tax, only about 7,00,000 file returns. Many have simply stopped filing returns. We cannot go after each of them. I have to motivate them to file returns and pay the tax dues. Hence, I propose to introduce a one-time scheme called ‘Voluntary Compliance Encouragement Scheme’..... Read More

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