Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Service Tax »
Open DEMAT Account in 24 hrs
 New GST Rates: When will changes in GST rates take effect? What's the GST on medicines? | Top FAQs answered
 New Income Tax Bill 2025: 3 key changes that could make ITR filing easier
 Tax e-filing: New banks enabled for online tax payments via e-pay tax service Check the entire list of banks
 Income Tax Bill 2025: Changes under the new bill that taxpayers must know. Check FAQs
 ITR filing: Know the new Budget 2025 rules for filing updated income tax returns
 New Income Tax Bill 2025: What are expected changes and how will they affect you?
 From tax changes to capex growth 5 key expectations from Emkay Global for Indias economy
 Income Tax Returns: What are the consequences of not verifying your ITR within 30 days
 Income Tax: Want to update your ITR? You can file an updated tax return; Here s all you need to know
 ITR Filing 2024: How to check income tax refund status online using PAN card? A step-by-step guide
 ITR Filing 2024: Which Income Tax Regime Is Better For NRIs? Check Expert Inputs Here

Builders under scanner for over Rs 20-crore service tax evasion
March, 03rd 2014

Two real estate firms in Noida have come under the scanner of central excise department officials for allegedly evading service tax of over Rs 20 crore.

Recent searches carried out by excise officials at the premises of some of these builders resulted in recovery of incriminating documents giving proof of 'black money' being collected and routed by them, official sources said.

A case has been booked against Shubhkamna Buildtech Pvt Ltd and Better Option Propmart (BOP) Pvt Ltd, Greater Noida, among others, for allegedly evading service tax, they said.

Denying any service tax evasion, both companies, however, admitted that investigations are being held against them by officials of the Directorate General of Central Excise Intelligence (DGCEI) in response to a query sent to them by PTI.

Shubhkamna Buildtech said that DGCEI officials had visited their offices and pointed out certain irregularities in respect of payment of service tax.

"We have fully cooperated with DGCEI officials... Our group companies are committed to strict ethical and compliance values and we have initiated steps to ensure that there is no future lapse on our part in fulfilling our service tax obligations," it said in the statement.

BOP said the matter is under investigation by DGCEI officials although nothing had been established yet.

"However, we are a tax compliant company and regularly file returns and pay taxes. In case any demand is raised by DGCEI during the course of the investigation, the same will be paid by us," the firm said.

The amount of evasion by these companies is above Rs 20 crore, sources said, adding that they were scrutinising documents recovered during the searches.

Excise department officials are going after all such evaders after a first-of-its-kind amnesty scheme for service tax defaulters ended in December last year.

The Voluntary Compliance Encouragement Scheme (VCES), which was implemented from May 10 last year, was announced by Finance Minister P Chidambaram to allow service tax defaulters to pay dues without any penalty or late payment charges.

Under the scheme, a person was to make a declaration to the designated authority on or before December 31, 2013.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting