CBEC SENDS NOTICE TO KINGFISHER FOR NOT PAYING TAX ON SPONSORSHIP

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By admin November 10, 2010 21:38

CBEC SENDS NOTICE TO KINGFISHER FOR NOT PAYING TAX ON SPONSORSHIP

The Indian Central Board of Excise and Customs (CBEC) has issued show-cause notices to Kingfisher Airlines for not paying service tax related to their sponsorship of the Indian Premier League (IPL).

Kingfisher owns the Royal Challengers Bangalore and is also a co-sponsor of the Delhi Daredevils. A show-cause notice is not an indictment, but seeks an explanation from a company, typically within a month for non-payment.

A spokesperson for UB Group, the parent of Kingfisher Airlines, said to local media that the company has filed an appeal and refused to comment further.

admin
By admin November 10, 2010 21:38
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