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Compliance
Indirect Tax

Report No. 29 of 2011 - Compliance Audit on Indirect Taxes – Service Tax Union Government, Department of Revenue

Date on which Report Tabled:
Fri 30 Mar, 2012
Date of sending the report to Government
Government Type
Union
Union Department
Indirect Tax
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Sector Taxes and Duties

Overview

This Report contains 24 paragraphs with a revenue implication of RS 49.48 crore, out of which RS 3.21 crore has been recovered. We had also issued another 175 paragraphs involving money value of RS 155.26 crore to the Commissionerate/Ministry on which rectificatory action was taken in the form of issue of show cause notices, adjudication of show cause notices and recovery of RS 75.55 crore.

In the last five years (including this year's Report), we had included 831 audit paragraphs involving RS 1098.21 crore. Of these, the Government had accepted audit observations in 750 audit paragraphs involving RS 759.05 crore and had recovered RS 290.45 crore. Service tax totalling RS 24.36 crore was not paid by un-registered service providers. Service tax totalling RS 9.45 crore was short paid due to incorrect valuation of taxable services.

Service tax totalling RS 5.64 crore was not paid by registered service providers. Instances of irregular utilisation of cenvat credit for payment of tax on input services, availing of credit on ineligible services, non-maintenance of separate account for common input services used in taxable/exempted sendees, premature availing of cenvat credit of input services etc. were noticed. Service tax involved in these cases amounted to RS 5.06 crore. Cases of short payment of service tax due to incorrect avail merit of exemption involving money value of RS 4.39 crore were noticed in audit. Cases of short payment of service tax under reverse charge method involving money value of RS 57.89 lakh were noticed in audit.

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