DGCEI finds Rs 200 cr tax evasion by debt recovery agents: The - TopicsExpress

DGCEI finds Rs 200 cr tax evasion by debt recovery agents: The Central Excise Intelligence has found service tax evasion of about Rs 200 crore by around 2,000 debt recovery agencies working for ICICI Bank. "Our estimate is that the evasion is to the tune of Rs 200 crore by the agencies which are engaged in recovering debts for ICICI Bank," said a source at the Directorate General of Central Excise Intelligence (DGCEI). Till now, the DGCEI has come across tax evasion worth Rs 25 crore, the source said.

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