Rs 19k cr service tax, duty frauds: cag

 

Rs 19k cr service tax, duty frauds: CAG

 

 

Comptroller and Auditor General of India (CAG) today said that there are over 10,300 cases of fraud involving over Rs 19,159 crores in service tax and central excise duty during 2008-11.

"In central excise, a total 3,690 cases of fraud or presumptive fraud were found during 2008-11 by the department involving duty of Rs 8,497.06 crore. In service tax, 6,655 cases involving tax of Rs 10,662.24 crore were detected during the same period," CAG said in two separate reports.

The audit scrutiny revealed that Department of Revenue raised a demand of Rs 7,654.23 crore in central excise and only recovered Rs 328.67 crore (4.29 per cent) out of it.

"Similarly, out of a penalty of Rs 320.85 crore (in central excise) that was imposed, the department could recover only Rs 0.94 crore (0.29 per cent)," it said.

In service tax also, the CAG observed the department raised a demand of Rs 9,905.84 crore and recovered only Rs 2,706 crore (27.32 per cent).

"Similarly, out of the penalty of Rs 489.61 crore that was imposed on service tax, the department could recover only Rs 2.40 crore (0.49 per cent)" the report added.

SOURCE: financialexpress.com

Replies (2)

nice one...........................

Originally posted by : Subhadip Guin

nice one...........................

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details