Industry & Economy
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Taxation
Entities owe service tax in AP
Our Bureau
Hyderabad
,
March 10
THE Director-General of Service Taxes, Mr K.P. Singh, said that the Hyderabad-based ICFAI University, Hindustan Aeronautics Limited, S.S. Consultants, Vimta Labs and an unnamed public sector undertaking involved in mapping technologies had large arrears of service tax.
Addressing a press conference here on Thursday, Mr Singh said that while ICFAI University needed to pay Rs 16 crore, HAL was due to the tune of Rs 5.75 crore, S.S. Consultants, involved in the construction of the cricket stadium in Uppal here, has to pay Rs 73 lakh and Vimta Labs has to pay Rs 25.92 lakh.
In all, 42 service tax providers with facilities in the Hyderabad Zone of the Commissionerate of Customs and Central Excise were due about Rs 28 crore.
Refusing to disclose the name of the PSU that owed Rs 6 crore in service taxes, Mr Singh, however, said that he was giving the PSU eight days' time to pay the arrears. Otherwise, he said, the name would be made public and a penalty of 200 per cent could be slapped.
He said the department was identifying service tax providers from the websites they had registered and listing them out for action.
It was targeted to collect Rs 17,500 crore as service taxes during the next fiscal.
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