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Saturday, September 8, 2012

Prasar Bharati claims Rs 1.6 bn recovery due to service tax error

 Prasar Bharati claims Rs 1.6 bn recovery due to service tax error

NEW DELHI: Prasar Bharati has appealed with the Service TaxDepartment Tribunal (CESTAT) for recovery of Rs 1.6028 billion deposited because of a ‘gross calculation error’.

Prasar Bharati sources told indiantelevision.com that the pubcaster had claimed that the demand raised was erroneous, but the Service Tax office had issued a final demand notice on 5 May last year which included a demand of Rs 871 million issued to it in May 2009, with interest and penalty under Section 78. This led to the pubcaster depositing the sum of Rs 1.6028 billion.
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