Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: due date for vat payment :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: VAT Audit :: TDS :: empanelment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: VAT RATES :: cpt
 
 
Direct Tax »
 Income Tax Return: 7 reasons to file your tax return early
 GST: Renaming Central Board of Excise and Customs to CBIC may take a while
 CBDT notifies new scrutiny notices with e-facility for taxpayers
 GST is a transformational business process reform. All companies will have to change
 GST Council relaxes return filing rules for July-Aug
 Here's how self-employed individual can file tax return with ITR4
 CBDT mulling new system of jurisdiction-free I-T assessment to curb corruption
 CBDT draft notice on computing tax liability of foreign firms
 CBDT forms task force for jurisdiction-free income tax assessment system
 Aadhaar must for filing returns from July 1: CBDT
 Aadhaar mandatory for filing I-T returns and obtaining new PAN card from July 1: CBDT

Online education firm under lens for alleged tax evasion
January, 30th 2016

One of the promoters of an online educational portal has been arrested by central revenue authorities for allegedly evading service tax worth crores by declaring the company as a 'tour operator'.
Officials of Directorate General of Central Excise Intelligence (DGCEI) arrested managing director of Noida-based eBiz.com Pvt Limited, Pawan Malhan, who was produced before a local court here yesterday and remanded in 14 days judicial custody, official sources said.

He was arrested after a case was registered against the firm for allegedly making wrongful claims for tax benefit by declaring the company as 'tour operator' instead of education service provider to pay less service tax, they said.

The alleged service tax evasion in the case is of more than Rs 15 crore, the sources said.

An email seeking comments from the firm did not elicit any response. An SMS sent to one of company's senior associates was also not responded to.

According to the rules, tour operators get a 90 per cent exemption from Service Tax and the company took benefit of the scheme by declaring itself as a tour operator and sold its online educational packages 'eBiz holiday accommodation packages', they alleged.

During investigation, the central excise officials claimed that eBiz.com was engaged in providing only "online information and database access service and retrieval service through computer network" and they were not at all in tour operating business, the sources said.

The investigators claimed to have found that the company has shown more than 40 per cent of its business from holiday packages.

Also, the DGCEI is said to have found that the company has claimed income from tour operator service to the tune of more than Rs 40 crore during FY 2014-15, their expenditure towards hotel bookings during the same period was only Rs 3.62 lakh, they added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions