WebSify
Follow us on
login
Mail
Print

India's April-Dec service tax evasion at 98 bln rupees-govt official

Source : REUTERS
Last Updated: Fri, Feb 01, 2013 17:50 hrs

NEW DELHI, Feb 1 (Reuters) - Tax evaders deprived India's coffers of about 98 billion rupees ($1.84 billion) 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. ($1 = 53.1900 Indian rupees) (Reporting by Manoj Kumar; editing by Malini Menon)



blog comments powered by Disqus
most popular on facebook
talking point on sify news