Hyderabad Service Tax arrests MD of Management Firm
THE Hyderabad Service Tax Commissionerate has in a Press Note stated that they have arrested the MD of a Management Firm. It is alleged that the firm has provided management consultancy service, collected Service Tax from their clients and did not pay it to the Government. The alleged evasion is to the tune of two crores.
This is the second arrest by the Commissionerate this year.