Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: list of goods taxed at 4% :: VAT RATES :: form 3cd :: cpt :: TDS :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment
 
 
Service Tax »
 Why is the successful roll-out of the e-way bill necessary?
 How service tax became revenue lifeline for the Govt
 Three simple tricks to save income tax without investing fresh funds
 Goods and Services Tax (Compensation to States) Amendment Act, 2017.
 Services sector need to brought under Section 72A of the Income-Tax Act
 Simplifying GST: Creating a Grand Simple Tax
 The way ahead for goods and services tax
 Goods & Service Tax (GST): Recent Clarifications
 Tax payers can see status of returns filed on GSTN portal
 Export And Import Of Goods Under GST
 The Finance Resolution And Deposit Insurance Bill, 2017

Reliance Infratel under service tax scanner
March, 14th 2014

The service tax department is likely to issue a showcause notice to Reliance Infratel on an alleged service tax evasion.

The service tax department in its audit report has alleged that Reliance Infratel, a subsidiary of Reliance Communications, evaded taxes worth up to Rs 1,000 crore.

Also Read: Indirect tax refunds at Rs 43,409 cr in Apr-Feb

The allegations have been made against the backdrop of an investigation by the department for over a year.

The service tax department thinks that Reliance Infratel is liable to pay taxes on the fees it received from the group company for services rendered.

The 2009 amendment of the Service Tax Act says that services provide by a company to a group company, which it shows as income in its book of accounts, and the company which avails of the service and shows it as expenses, under those circumstances the fees that the company which provides services is liable under the tax net.

This has put lot of telecom operators under the scanner. This particular transaction between Reliance Infratel and Reliance Communication, where Rel Infra is providing optical fibre services to the parent company, is one of the transactions that has come under the scanner. The taxable amount between 2008 and 2013 could be over Rs 1,000 crore.

The company has denied the reports claiming them baseless and saying that it hasn't evaded a single penny. Reliance Infratel further added that it has not received the showcause notice yet.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

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