Finance ministry detects Rs 600 cr service tax evasion

Finance Ministry has detected 569 cases of service tax evasion during Jan-July this year, accounting to around Rs 600 crore. With there being over 100 services which entails service tax, the Ministry is implementing a first-of-its-kind Voluntary Compliance Encouragement Scheme for service tax defaulters to pay due without any penalty or late payment charges on or before Dec 31, 2013.