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This Article is From Feb 01, 2013

India's service tax evasion at Rs 9,800 crore in April-December

Tax evaders deprived India's coffers of about Rs 9,800 crore in service taxes during April to December 2012, a finance ministry official said on Friday.

India's service tax evasion at Rs 9,800 crore in April-December
New Delhi:

Tax evaders deprived India's coffers of about Rs 9,800 crore in service taxes during April to December 2012, a finance ministry official said on Friday.

"Of the Rs 9,800 crore, about Rs 2,000 crore have been recovered," Lipika Majumdar Roy Choudhury, member, service tax, said.

The department is making efforts to recover the remainder, she added.

Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay

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.

Copyright @ Thomson Reuters 2012

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