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Mar 08, 2013
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No reversal of norm to arrest service tax evaders, says Chidambaram
Finance minister P Chidambaram has shrugged off concerns, within Congress and the Opposition, about his budget proposal empowering officials to arrest service tax evaders. In an interaction with Congress MPs on Friday, Chidambaram made it clear that there was no going back on the proposal in the budget to introduce Section 91, which will empower officials to arrest those who fail to pay to the government service tax exceeding Rs 50 lakh. According to a person familiar with the details of the meeting, an MP from Andhra Pradesh raised the issue at the meeting, saying the proposal would lead to harassment of service providers such as beauty parlour owners, smalltime event management companies and public relations firms.
Source -
http://economictimes.indiatimes.com
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