Measures in place to up Service Tax collection: Official

Written by:
Subscribe to Oneindia News

Kochi, Oct 24 (UNI) Emphasising the importance of Service Tax collection in Kerala, State Chief Commissioner of Central Excise, Customs and Service Tax A S R Nair today said the department had chalked out measures to track down tax evaders who resort to misdeclaration, suppression of facts and fraud.

Addressing a gathering after inaugurating a five-day workshop on Service Tax here, Mr Nair said the deaprtment had initiated strong measures like creation of a Research, Analysis and Technical Unit (RAT) in all commissionerate headquarters and a Survey, Intelligence and Verfication Unit (SIV) in all divisional offices handling Service Tax in the state.

Besides, additional manpower would be inducted and intensive training imparted to all officers dealing with Service Tax matters.

The department would also monitor the performance of officers dealing with Service Tax, audit officers and officers dealing in anti-evasion units and strengthen the vigilance machinery to deal with companies.

'' Through these measures the department was aiming to collect around Rs 1,250 crore of Service Tax revenue during the current fiscal, an increase of 76 per cent compared to last year's collection of Rs 708 crore,'' he noted.

He said Kerala had a great potential for increased service Tax collection due to the booming economic and social scenario.

The tax collection had not reached the optimum level due to non-registration of taxable service providers, misdeclaration or suppresion of facts, lack of awareness, reluctance to pay tax, and failure to account for and deposit the Service Tax collected from the public with the government.

Mr Nair said periodical open house meeting and publicity through media would be conducted to educate the taxable service providers and public on the remittance of tax.

Presently, there were about 20,000 registered taxable service providers in the state but many more were unregistered and yet to come within the tax bracket, he said.


Please Wait while comments are loading...