Sahara, Indian booked for service tax evasion

New Delhi: Airlines majors Sahara and Indian (Airlines) amongst nine companies booked or service tax evasion of about Rs 300 crore this fiscal, the Rajya Sabha was informed on Tuesday.
The Directorate General of Central Excise Intelligence (DGCEI) has booked Lucknow-based Sahara India and Sahara Airlines for evading service tax amounting to Rs 89.07 crore and Rs 10 crore, respectively.
Sahara India was collecting public deposits for Sahara Financial Services— a Sahara Group company— for which it was required to pay service tax. Sources said on investigation, the company admitted its fault and deposited Rs 10 crore.
Public sector carrier Indian Airlines has also been involved in service tax evasion amounting to Rs 27.30 crore, Palanimanickam said.
07/03/07 Economic Times

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Categories: Air Sahara Mar 2007, indian mar 2007