Ernst and Young and its associates booked for Service Tax evasion

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..... Ernst and Young and its associates booked for Service Tax evasion
News and Press Release
Dated:- 6-11-2007

M/s Ernst and Young (P) Ltd, one of the world's leading consultancy firms, and .....

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..... its associate entities - M/s Ernst and Young, M/s S.R. Batliboi and Co., S.R. Batliboi and Associates, have been issued Show Cause Notices for the Service Tax evasion of Rs. 7.29 crores, Rs. 9.28 lakh .....

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..... s, Rs. 43.5 lakhs and Rs. 34 lakhs respectively by the Service Tax Commissionerate, New Delhi. On the basis of information collected by the Commissionerate, investigations were initiated against M/s .....

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..... Ernst and Young to enquire into Service Tax evasion. After investigations M/s Ernst and Young and its associate entities were found to be liable to pay service tax as recipient of services from outsid .....

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..... e India under Rule 2(1)(d)(iv) of Service Tax Rules, 1994; Section 65(105) explanation and Section 66A of the Finance Act, 1994. M/s Ernst and Young have already paid Rs. 2.20 crores approximately tow .....

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..... ards their Service Tax liability.
News - Press release - PIB .....

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