Service Tax Collection will be higghest revenue?

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Top Tax Advisory Firm M/s Ernst and Young (P) Ltd, and its associate entities – M/s Ernst and Young, M/s S.R. Batliboi and Co., S.R. Batliboi and Associates, booked by service tax department and issued Show Cause Notices for alleged Service Tax evasion of Rs. 7.29 crores, Rs. 9.28 lakhs, Rs. 43.5 lakhs and Rs. 34 lakhs respectively by the Service Tax Commissionerate, Delhi
Replies (4)
O GOD show cause notice on CA firm......well thanks for the info
Hi, This is sathyan, can u guide me regarding the areas which are frequently seen in our day to day life in SERVICE TAX. ex. in Income tax TDS, Basic exemption limit etc..... B'cos i am planning for Specialisation in Service Tax........
My questions is whether M/s Ernst & Young having been booked for the offence of service tax evasion can be allowed by the department to represent its clients before the department and other authorities?
Top Tax Advisory Firm M/s Ernst and Young (P) Ltd, and its associate entities – M/s Ernst and Young, M/s S.R. Batliboi and Co., S.R. Batliboi and Associates, have been booked by service tax department and have been issued Show Cause Notices for the Service Tax evasion of Rs. 7.29 crores, Rs. 9.28 lakhs, Rs. 43.5 lakhs and Rs. 34 lakhs respectively by the Service Tax Commissionerate, New Delhi. Ernst & Young is advising over 400 MNCs on service tax matters.MNCs before floating their operations in India, give a global mandate to one of the Big 4 Consulting Companies for providing them Tax Advisory Services and sign a contract with them for receiving their advice at a rate up to Rs 20000/- Per Hour spent by their Consultants on their assignments.Even telephonic discussions are charged at per minute rates. The investigations were conducted under close supervision of dynamic Commissioner of Service Tax Delhi Mr VK Garg whose guidance resulted in detection of service tax evasion of Crores by Big Consulting Companies; many of which have voluntarily paid service tax. Though such cases are normally booked by Directorate-General of Central Excise Intelligence which has all-India jurisdiction and has superior infrastructure; the credit goes to Mr VK Garg and his team for booking this case having all-India ramifications. On the basis of information collected by the Delhi Service Tax Commissionerate, investigations were initiated and Ernst and Young was put under service tax scanner.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 outside 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 towards their Service Tax liability


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