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Tax evasion: Foreign service takers top

business Updated: Apr 25, 2010 21:27 IST

PTI
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Domestic firms receiving services from overseas entities accounted for a quarter of the service tax evasion during 2008-09, according to a CAG report. Of the Rs 375.6 crore that CAG found as revenue loss, Rs 92.6 crore was due to tax not paid by recipients of foreign services.