New intelligence wing to check service tax evasion
New Delhi: Concerned over mounting cases of service tax evasion, the Government is mulling to create a separate intelligence unit to check the menace and stop leakage of revenue.
The proposed Directorate of Anti Evasion to check service tax evasion is likely to be set up by the Finance Ministry close on the lines of two other intelligence agencies under it - Directorate General of Revenue Intelligence (DRI) and Directorate General of Central Excise Intelligence (DGCEI), official sources said.
The Central Board of Excise and Customs (CBEC) has detected service tax evasion of Rs 9,800 crore during April-December period of the last fiscal (2012-13) against Rs 5,000-6,000 crore in the same period of 2011-12. The move to form a new directorate came after rise in the number of services under the service tax ambit, they said.
BJP leader Kirti Azad congratulated AAP and its Convener Arvind Kejriwal on his victory and said that they have performed well at their first attempt.
Date 12 hrs ago, Duration 1:00, Views 0