New Delhi, July 17, 2013(Agencies): Expressing confidence that the government will meet the revenue collection targets for the current fiscal, Chidambaram warned that “non-filers”, those who do not pay taxes, and “stop filers”, those who used to pay taxes but have stopped, will be targeted.
“In service tax, the number of non-filers and stop filers is exceeding Rs.12 lakh. We are going to target them,” he said.
Of the indirect tax target of Rs.5.63 trillion for 2013-14, more than Rs.1.80 trillion has to come from service tax collections.
Given the lukewarm response to the service tax voluntary compliance encouragement scheme in this year’s budget, the Finance Minister said the tax department would run an awareness campaign to encourage assessees to take advantage of it.
Under the scheme, any service provider who has not paid service tax dues can do so without having to pay interest and penalty.
The government will shortly issue a list of frequently asked questions to provide clarity about the scheme, he said.