Three Crores Service Tax evasion Builder Arrested

Posted On: 2014-09-23 21:51:09

    Aprominent builder was arrested in Mumbai by the service tax department authorities for failing to pay service tax amounting to Rs.3.06 crores. As per the commissioner of the service tax department, the builder had collected advances from buyers from January 1 to December 31st last year, but had failed to deposit it with the department. He invested the money in his business.

    During the same period the builder had constructed important complexes at Bandra Kurla Complex, Vira Desai Road, Andheri (West) and he was also part of Mhada's redevelopment projects in Andheri (East). The builder was produced at Esplanade Court and was later released on conditional bail.
Source : Real Estate Reporter (March 2014)