In a severe advice to overhaul levy evaders, the government on Monday asked them to whichever reimburse their dues by Tuesday or features punitive exploit which could embrace capture and examination.
"I would like to give an opinion that from January 1, 2014 stern exploit will be in use adjacent to overhaul levy evaders and provisions in the backing take steps linking to apprehend and examination will be compulsory in right solemn," income Secretary Sumit Bose said.
The Voluntary Compliance Encouragement Scheme (VCES), which came into achieve from May 10, allows a overhaul levy debtor to pay dues devoid of any sentence or not on time imbursement charges.
Under the method, a individual possibly will make a statement to the chosen influence on or earlier than December 31.
Over 40,000 applications, connecting due amount of about Rs 5,500 crore, have been filed dig December 29, Bose said.
In the previous four days, the proceeds section has conventional 16,000 application connecting Rs 1,500 crore of examine levy dues, as time limit for the first-of-its-kind general pardon format ends on Tuesday, the profits desk added.
He additional said that Monday our offices will be unbolt glowing further than ordinary operational hours. On Tuesday, our offices will be release dig midnight to make easy getting of statement.
Finance Minister P Chidambaram newly said that schemes such as VCES are rare opportunities which are doubtful to come once more in the next 20 years. He had not compulsory levy evaders to take profit of the official pardon method.
"Countdown has begun and the last date is December 31. Government has finished a pale and liberal propose, a one-time propose that is not expected to come your way for at slightest a combine of decades.
"Therefore, it is in the most excellent attention of one and all to take benefit of the offer," Chidambaram had thought.
A debtor may say publicly his tax liabilities, together with the cess charges, for the epoch stuck between October 1, 2007 and December 31, 2012 and pay it to the government after making a straight statement to keep away from price, attention or any other punitive proceedings.
The method was introduced by Chidambaram while presenting the Union Budget for 2013-14.
Of the 17 lakh registered assesses under overhaul levy simply seven lakh were filing returns, Chidambaram had alleged.
An avoidance of overhaul levy of Rs 50 lakh and on top of has now been made a cognisable offence after the channel of present economic investment Bill on May 10.
The economics priest has planned provisions of Criminal Procedure Code (CrPC) to capture such offenders, in line with customs and middle expunge laws.
Previous, the officials did not have some influence to capture a individual for overhaul levy elusion.
The bureau has set an not direct levy compilation aim of Rs 5.65 lakh crore for 2013-14, from first to last customs, remove and overhaul levy, up from Rs 4.73 lakh crore calm in the last financial.