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Sunday 17 March 2013

Spanco gets notice for service tax evasion of Rs 27 crore

MUMBAI: The service tax department has detected a case of tax evasion running into nearly Rs 27 crore. A senior official of the service tax department said the case is murkier, considering that it is an issue in which the company has defaulted on depositing service tax after collecting it from clients. The tax department has sent a notice to Spanco, a Mumbai-based company, which is in the business of providing technology infrastructure. The notice was addressed to group company Spanco BPO.

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