Mangaluru: Private firm MD arrested for evading Rs. 1.38 crore service tax

[email protected] (CD Network)
April 28, 2016

Mangaluru, Apr 27: Officers of the Central Excise and Service Tax Commissionerate, Mangaluru, have arrested a managing director of a private firm for alleged service tax evasion of over Rs. 1.38 crore.

arrestedThe managing director was arrested on Tuesday and produced before N. Sunil Kumar Singh, Principal Senior Civil Judge and Chief Judicial Magistrate, Mangaluru, who remanded him in judicial custody for 14 days.

The firm was providing clearing and forwarding services, steamer agency services and custom house agency services, according to a release by Central Excise Commissioner M. Subramanyam here on Wednesday.

The firm, though was providing taxable services, had failed to discharge the appropriate service tax liability.

The service provider has not been crediting the service tax collected from the customers to the government.

“The firm has not been complying with even the basic provisions of the statute. They have will-fully mis-declared the value of taxable services or declared the value as nil in spite of providing taxable services of substantial value,” the release said.

The service tax collected but not paid to the government exchequer for more than six months exceeded Rs. 1 crore, the release said.

“It constituted an offence under Section 89(1)(d) of the Finance Act, 1994 thereby attracting imprisonment extending to seven years in terms of Section 89(1)(ii) of the Act. Further, such offences shall be cognisable as per Section 90 of the Finance Act,” the release said.

Comments

Loy
 - 
Thursday, 28 Apr 2016

haha Mr Rikaz. media can publish only if department gives name. if they secretly arrest and then send press releases without name what can these poor people can do?

Rikaz
 - 
Thursday, 28 Apr 2016

Media doesn't want to publish MD's name...must have paid goosa???

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News Network
March 27,2020

Bengaluru, Mar 27: Oncologist Dr. Vishal Rao, HCG Hospital Bengaluru on Friday said that human body cells release interferon chemical to kill viruses but it cannot be released by cells in the case of COVID-19 cases, leading to weak immune system. However, a therapy of specific concoction could be useful in treating COVID-19 patients.

"We got hold of some preprint suggesting that interferon is effective in COVID19," said Rao.

Speaking to news agency, he continued saying "When we withdraw blood for regular check-ups, we get buffy coat which can be used to take out cells and form interferon. These two chemicals and some other cytokines, in a specific concoction, could be potentially very useful in treating COVID-19 patients."

Rao said that they have built a concoction of cytokines which can be injected to reactivate immune system in COVID-19 patients.

"We are in a very initial stage and hope to be ready with its first set by this weekend. We have applied to the governement for an expedited review. We have also presented this before the state government" said Rao.

"We have a team of infection specialist, ICU team and other...all of us have worked together to build something that we believe. We want to serve the society at this hour of need," he added.

Dr Rao clarified that this is not a vaccine and this particular interferon therapy does not help to prevent the infection of COVID-19. However, this is focused and targeted towards COVID-19 positive patients or those who have just incubated the virus.

"We believe that in early stages as well as the patients who have just incubated, this particular therapy of interferon gama and other concoction of cytokines could be an effective method. In the late stages we are looking at specific dosage of the cells which are our own body cells which can actually be affective and could also be of use for the ventilator patients," he added.

Meanwhile, Dr Gururaj, Immunologist and Scientist told ANI that they are trying to cover two aspects, one is the early stage patients where they are trying to improve their immune systems.

"As Dr Vishal said, we are trying to see whether we can use the cytokines from our own immune cells which is a natural process but it is hampered in infected patients," said Dr Gururaj.

"In the last phase we are using cells which are used from the bone marrow of the patient or donors. We can use those cells to reduce the inflation and so called cytokines release syndrome which is basically the inflammatory response of the body," he added.

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News Network
April 16,2020

Bengaluru, Apr 16: The Union Health Ministry on Wednesday has identified eight districts from Karnataka as COVID-19 hotspots.

Districts that have reported a higher number of cases are classified as hotspots, the districts where cases have been reported as non-hotspots, and green zones where no cases have been reported.

Bangalore Urban, Mysuru, Belagavi, Dakshina Kannada, Bidar, Kalaburgi, Bagalokote and Dharwad have been identified as Covid-19 hotspots by Union Health Ministry, tweeted the state health department on Wednesday.

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News Network
July 24,2020

Mandya, Jul 24: Pressing for a total ban on stone mining and quarrying in and around the villages surrounding Krishna Raja Sagar Dam in the District, many organisations have called for Mandya bandh on July 29.

The bandh has been supported by Raitha Sangha, Karunada Sevakara Sanghatane, Auto Drivers Association, Jaya Karnataka, Bharatiya Samvidhana Hitharakshana Vedike, Sugarcane Growers Association, Vokkaligara Seva Trust and Dalita Sangarsh Samiti (Krishnappa faction).

The activists said that the State Government must immediately take steps and permanently ban mining in 20 km radius around KRS as continuous blasting for stones is causing grave danger to the structure.

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