FIU asked to track service tax evaders

Nov 26 2012, 13:20 IST
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Financial Intelligence Unit is the country’s nodal agency for gathering, analysing and disseminating information related to suspicious financial transaction. Financial Intelligence Unit is the country’s nodal agency for gathering, analysing and disseminating information related to suspicious financial transaction.
SummaryFIU to work with DGCEI to go after 65,000 non-filers of service tax returns

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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