Baba Ramdev trusts asked to pay Rs.5 crore for alleged tax evasion

November 11, 2012

baba_ramdev

New Delhi, November 11: The Government has slapped a notice of Rs.five crore demand on trusts run by Baba Ramdev in connection with alleged service tax evasion while organising their yoga camps.

Claiming that shivirs (camps) undertaken by Patanjali Yoga Peeth and Divya Yoga Trust in Haridwar were commercial activity, the Revenue department has raised a demand of Rs.5.14 crore payable on fees collected from individuals for learning Yoga, officials said.

"The Directorate General of Central Excise Intelligence has sent notices for alleged service tax evasion to the tune ofRs.5.14 crore late last month. The demands have been raised for its assessment for period between 2007-08 and 2011-12," a Finance Ministry official said.

When contacted,Ramdev's spokesperson S K Tijarawala said the trusts and its activities like conducting yoga shivirs are exempted from service tax net as they are doing charitable activities for medical relief.

"Trusts' activities are barred from service tax as it is for the purpose for providing medical relief to poor. We do not have any thing to hide," he contended.

According to the Finance Ministry official, the notices were issued late last month after it found substantial documentary evidence that the trusts were avoiding service tax by conducting semi and fully residential yoga camps and calling them charitable in nature and thus claiming exemption.

"The trusts were taking donations from participants of yoga shivirs. They were also conducting a residential yoga camps through Swami Shankardev Vanprastha Asharam scheme," the official said.

The notices, issued to the trusts, also mentioned that the Finance Ministry is in the process of cancelling the Income Tax exemption status given to Ramdev trusts.

Thousands of people participate in the yoga camps conducted across the country by Swami Ramdev and trusts managed by him.

Ramdev, who is leading a campaign against black money in the country, also manages trusts which manufactures and sells ayurvedic medicines in India and abroad.

The yoga guru has declared capital ofRs.426.19 crore involving four trusts run by him-- Divya Yoga Mandir trust (Rs.249.63 crore), Patanjali Yoga Peeth trust (Rs.164.80 crore), Bharat Swabhiman trust (Rs.9.97 crore) and Acharyakul Shiksha Sansthan (Rs.1.79 crore).


Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
March 10,2020

Bhopal, Mar 10: The number of MLAs who have resigned from the Congress in Madhya Pradesh climbed to 20 on Tuesday afternoon with another legislator quitting the ruling party, sources said.

While 19 MLAs, most of them believed to be loyal to expelled party leader Jyotiraditya Scindia, have sent their resignation letters via e-mail to Raj Bhavan, Bisahulal Singh submitted his resignation letter as an MLA to the Assembly speaker.

"We have received resignations of 19 MLAs through e-mails with attachments," a Raj Bhawan official told PTI.

Sources in Congress produced a copy of Bisahulal Singh's resignation letter which he submitted to the speaker.

Former chief minister and senior BJP leader later announced that Singh (65) has joined the BJP.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 23,2020

New Delhi, Mar 23: The central government has asked state governments to take strict action against violators of the coronavirus lockdown being enforced in 80 districts across the country.

An official statement released on Monday said there will be a total lockdown in 80 districts where coronavirus cases have been reported. The shutdown will end on March 31.

Delhi's borders will remain sealed during the lockdown, but essential services related to health, food, water and power supply will continue, and 25 per cent of the DTC buses will run to transport people associated with essential services.

Prime Minister Narendra Modi earlier on Monday appealed to state governments to ensure that rules and regulations of the coronavirus lockdown are enforced as he noted that many people were not taking the measure seriously.

"Many people are still not taking the lockdown seriously. Please save yourself, save your family, follow the instructions seriously. I request state governments to ensure rules and laws are followed," he said in a tweet in Hindi.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 13,2020

New Delhi, Jun 13: Petrol price on Saturday was hiked by 59 paise per litre and diesel by 58 paise as oil companies for the seventh day in a row adjusted retail rates in line with costs since ending an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 75.16 per litre from Rs 74.57, while diesel rates were increased to Rs 73.39 a litre from Rs 72.81, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the seventh daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In seven hikes, petrol price has gone up by Rs 3.9 per litre and diesel by Rs 4.

The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), instead of passing on the excise duty hikes to customers, adjusted them against the fall in the retail rates that was warranted because of a decline in international oil prices.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.