Delhi Service Tax Commissionerate Arrests CFO of an Aviation Company for Evasion of Service Tax

Last updated: 21 January 2014

Delhi Service Tax Commissionerate arrested the Chief Financial Officer(CFO) of an Aviation Company on last Saturday, 18th January, 2014 for evasion of service tax amounting to more than Rs. one crore. The Company provides helicopter chartering services. The concerned company is also suspected to have fraudulently availed CENVAT Credit of more than Rs.30 lakhs. In addition, the party is also facing departmental proceedings in a Show Cause Notice for Rs. 3.9 crore for short payment of Service Tax,
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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