FIU asked to track service tax evaders
be evaluated jointly by the FIU and DGCEI,” the source added.
It is to be noted that the DGCEI is the nodal agency for detection of cases of evasion of excise duty and service tax. It is tasked with developing intelligence and disseminates information by issuing modus operandi circulars and alert circulars to appraise field formations of the latest trends in duty evasion.
However, roping in the FIU to go after evaders shows the graveness of the situation of evasion in the excise, customs and service taxes, the source added.
At present, although PAN number is compulsory for registering with excise and service tax department, in many cases, temporary registration is also given. That is, the source added, is the root of the problem as the temporary registration does not get converted into permanent registration.
In the meeting, Chidambaram also observed that since the cash transaction reports (CTRs) given by the FIU are a threshold-based report, the CTR database shows matches for big cases only.
“Therefore, a unique identification is required for the excise department as well,” the source added.
PAN is compulsory for all who file their income tax returns. In fact, it has now been made mandatory to quote PAN in all documents pertaining to financial transactions notified from time to time by the tax department including sale and purchase of immovable property, motor vehicle or cash payments above a certain limit.
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