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September 2008

British Airways gets Rs1.44 billion tax notice.

By Raman Jokhakar, Tarunkumar Singhal, Chartered Accountants
Reading Time 1 mins
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86 British Airways gets Rs1.44 billion tax
notice.


UK-based British Airways has been slapped a service tax
notice by the Revenue Department asking it to pay the balance of Rs.143.5 crore
(Rs.1.44 billion) liability on sale of tickets in India between May 2006 and
November 2007.

 

“We have issued a notice to the British Airways on July 25
intimating the company of its service tax liability,” a senior Excise and
Customs Department official said. He, however, clarified that the company has
already paid Rs.117 crore (Rs.1.17 billion) tax, although after a delay.

(Source : Internet News, 29-7-2008)

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