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DGCEI detects Rs300-crore tax evasion by firms in Ahmedabad

Saturday, 5 January 2013 - 12:36pm IST | Place: Ahmedabad | Agency: DNA
According to the official release, under the anti-evasion drive by Directorate General of Central Excise Intelligence, more than 80% of the Rs100 crore was recovered from service-tax evaders.

In the nine months of financial year 2011-12, the Ahmedabad unit of Directorate General of Central Excise Intelligence ( DGCEI) has detected tax evasion to the tune of Rs300.63 crore, of which it has recovered an amount of Rs100.63 crore on the spot, voluntarily in various cases, a statement from the directorate said.

According to the official release, under the anti-evasion drive by DGCEI, more than 80% of the Rs100 crore was recovered from service-tax evaders.

During the nine-month period, the maximum tax evasion was seen from the pharmaceuticals sector. So far, Rs25.32 crore has been recovered from various companies of the sector.

During investigation, city-based Cadila Pharmaceuticals Ltd voluntarily paid Rs11.41 crore towards service tax, while Torrent Pharmaceuticals paid the same to the tune of Rs10.22 crore under the reverse charge mechanism, read the statement.

According to DGCEI, under the reverse charge mechanism, detection of tax evasion of nearly Rs14 crore was seen and demanded from 21 companies, which have already started deposited their respective sums voluntarily. The department expects a further detection of tax evasion of another Rs15 crore, it stated.




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