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: cpt :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT RATES :: articles on VAT and GST in India :: VAT Audit :: TDS :: due date for vat payment :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4%
« Service Tax »
 Service tax officials transferred for favouring realtor
 GST, a challenge and opportunity for accounting professionals’
 Service Tax On Hotels And Restaurants – Recent Delhi High Court Judgment
 GST Council discusses 4-tier tax rate, cess on demerit goods
 Why you shouldn’t miss these three simple tax saving options beyond Section 80C
 Determination of value for transactions between the Related parties under GST Laws.
 Higher collections can offset GST losses
 GST to subsume over a dozen Central, State taxes
 Incidence of indirect taxes won't go up under GST
 Advanced Budget date: Absence of a GST rate may present estimation challenges
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant

Service Tax Department arrests HR firm's top official for evading Rs 5 crore payment
March, 25th 2016

The service tax department has arrested a top official of a city-based human resources firm for failing to pay service tax of Rs 5 crore.

The department arrested the Director of the Manpower Supply Company in Chennai, after it failed to pay the tax collected, a release quoted Service Tax Commissioner G Ravindranath as saying on Thursday.

"The company failed to deposit the service tax collected to the exchequer. It had floated fake entities as sub-contractors and generated fake invoices to avail input tax credit," he said.

"This way, the company has been evading payment of service tax since October 2012 and the quantum of service tax evasion is more than Rs five crore," Ravindranath said.

He said the Survey, Intelligence and Research (SIR) wing of the department gave enough opportunities to the firm to comply with the law, but it was "uncooperative and evasive", leading to the arrest of the Director.

The Director was produced before Chief Metropolitan Magistrate, Economic Offences Court, Egmore yesterday and remanded to judicial custody.

He has been lodged in Puzhal prison.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

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