Home India News Government detects Rs.13,620 crore tax evasion

Government detects Rs.13,620 crore tax evasion

By IANS,

New Delhi : The tax authorities detected evasion of Rs.13,620 crore in excise and service taxes in the first 11 months of fiscal 2011-12, the finance ministry said Tuesday.

The Central Board of Excise and Customs detected a total central excise and service tax evasion amounting to Rs.3,333.28 crore and Rs.10,286.73 crore respectively up to February, 2012, the finance ministry said in a statement.

“Further, during the investigation, central excise duty and service tax amounting to Rs.972.69 crore and Rs.1,182.64 crore respectively has also been realised,” it said.